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716700.0
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2021-01-07 00:00:00 UTC
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Noteworthy Thursday Option Activity: DDD, QGEN, IFF
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DDD
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-ddd-qgen-iff-2021-01-07
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 197,593 contracts have traded so far, representing approximately 19.8 million underlying shares. That amounts to about 499% of DDD's average daily trading volume over the past month of 4.0 million shares. Particularly high volume was seen for the $20 strike call option expiring January 15, 2021, with 12,961 contracts trading so far today, representing approximately 1.3 million underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $20 strike highlighted in orange:
Qiagen NV (Symbol: QGEN) saw options trading volume of 40,881 contracts, representing approximately 4.1 million underlying shares or approximately 432.6% of QGEN's average daily trading volume over the past month, of 945,000 shares. Particularly high volume was seen for the $60 strike call option expiring February 19, 2021, with 10,380 contracts trading so far today, representing approximately 1.0 million underlying shares of QGEN. Below is a chart showing QGEN's trailing twelve month trading history, with the $60 strike highlighted in orange:
And International Flavors & Fragrances Inc. (Symbol: IFF) options are showing a volume of 45,533 contracts thus far today. That number of contracts represents approximately 4.6 million underlying shares, working out to a sizeable 201.6% of IFF's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $150 strike put option expiring February 19, 2021, with 16,887 contracts trading so far today, representing approximately 1.7 million underlying shares of IFF. Below is a chart showing IFF's trailing twelve month trading history, with the $150 strike highlighted in orange:
For the various different available expirations for DDD options, QGEN options, or IFF options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Particularly high volume was seen for the $20 strike call option expiring January 15, 2021, with 12,961 contracts trading so far today, representing approximately 1.3 million underlying shares of DDD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 197,593 contracts have traded so far, representing approximately 19.8 million underlying shares. That amounts to about 499% of DDD's average daily trading volume over the past month of 4.0 million shares.
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Below is a chart showing DDD's trailing twelve month trading history, with the $20 strike highlighted in orange: Qiagen NV (Symbol: QGEN) saw options trading volume of 40,881 contracts, representing approximately 4.1 million underlying shares or approximately 432.6% of QGEN's average daily trading volume over the past month, of 945,000 shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 197,593 contracts have traded so far, representing approximately 19.8 million underlying shares. That amounts to about 499% of DDD's average daily trading volume over the past month of 4.0 million shares.
|
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 197,593 contracts have traded so far, representing approximately 19.8 million underlying shares. Below is a chart showing DDD's trailing twelve month trading history, with the $20 strike highlighted in orange: Qiagen NV (Symbol: QGEN) saw options trading volume of 40,881 contracts, representing approximately 4.1 million underlying shares or approximately 432.6% of QGEN's average daily trading volume over the past month, of 945,000 shares. That amounts to about 499% of DDD's average daily trading volume over the past month of 4.0 million shares.
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Below is a chart showing DDD's trailing twelve month trading history, with the $20 strike highlighted in orange: Qiagen NV (Symbol: QGEN) saw options trading volume of 40,881 contracts, representing approximately 4.1 million underlying shares or approximately 432.6% of QGEN's average daily trading volume over the past month, of 945,000 shares. Below is a chart showing IFF's trailing twelve month trading history, with the $150 strike highlighted in orange: For the various different available expirations for DDD options, QGEN options, or IFF options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 197,593 contracts have traded so far, representing approximately 19.8 million underlying shares.
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61d1a7c4-fadc-4b1a-b7c3-15b420098a3d
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716701.0
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2021-01-07 00:00:00 UTC
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Technology Sector Update for 01/07/2021: DDD, DXC, HIMX, XLK, SOXX
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-01-07-2021%3A-ddd-dxc-himx-xlk-soxx-2021-01-07
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nan
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nan
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Technology stocks were advancing premarket Thursday. The Technology Select Sector SPDR ETF (XLK) was 0.85% higher and the Semiconductor Sector Index Fund (SOXX) was up more than 1% in recent trading.
3D Systems (DDD) was gaining over 25% in value after saying it expects Q4 revenue to be between $170 million to $176 million. The average estimate of analysts surveyed by Capital IQ had called for $139.9 million.
French technology consultancy Atos has approached rival DXC Technology (DXC) about a $10 billion takeover of the B2B information technology services provider, Reuters reported, citing two unnamed people with knowledge of the matter. DXC Technology was climbing past 13% recently.
Himax Technologies (HIMX) was over 7% higher after reporting preliminary Q4 adjusted profit of $0.20 per American depositary share, up from $0.01 per ADS in the prior year and topped the $0.15 per ADS average estimate of analysts polled by Capital IQ.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) was gaining over 25% in value after saying it expects Q4 revenue to be between $170 million to $176 million. The Technology Select Sector SPDR ETF (XLK) was 0.85% higher and the Semiconductor Sector Index Fund (SOXX) was up more than 1% in recent trading. The average estimate of analysts surveyed by Capital IQ had called for $139.9 million.
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3D Systems (DDD) was gaining over 25% in value after saying it expects Q4 revenue to be between $170 million to $176 million. The average estimate of analysts surveyed by Capital IQ had called for $139.9 million. French technology consultancy Atos has approached rival DXC Technology (DXC) about a $10 billion takeover of the B2B information technology services provider, Reuters reported, citing two unnamed people with knowledge of the matter.
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3D Systems (DDD) was gaining over 25% in value after saying it expects Q4 revenue to be between $170 million to $176 million. French technology consultancy Atos has approached rival DXC Technology (DXC) about a $10 billion takeover of the B2B information technology services provider, Reuters reported, citing two unnamed people with knowledge of the matter. Himax Technologies (HIMX) was over 7% higher after reporting preliminary Q4 adjusted profit of $0.20 per American depositary share, up from $0.01 per ADS in the prior year and topped the $0.15 per ADS average estimate of analysts polled by Capital IQ.
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3D Systems (DDD) was gaining over 25% in value after saying it expects Q4 revenue to be between $170 million to $176 million. Technology stocks were advancing premarket Thursday. The Technology Select Sector SPDR ETF (XLK) was 0.85% higher and the Semiconductor Sector Index Fund (SOXX) was up more than 1% in recent trading.
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db792ebc-4d6f-450d-89b1-ef361bf61e55
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716702.0
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2021-01-07 00:00:00 UTC
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3D Systems Zooms 30% On Preliminary Q3 Results
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DDD
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https://www.nasdaq.com/articles/3d-systems-zooms-30-on-preliminary-q3-results-2021-01-07
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nan
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nan
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(RTTNews) - Shares of 3D Systems Corporation (DDD) are rising nearly 30% Thursday morning after the company reported preliminary fourth quarter revenue, better than analysts' view.
The company expects revenue for the fourth quarter to be in the range of $170 million to $176 million. On average, 8 analysts polled by Thomson Reuters expect revenue of $139.91 million for the quarter.
Additionally, 3D Systems said it has completed the sale of its Cimatron and GibbsCAM software businesses to a subsidiary of ST Acquisition Co., an affiliate of Battery Ventures, on January 1, 2021, for about $64.2 million.
The company also paid off about $21 million of outstanding balances under its senior secured term loan facility by using a portion of the proceeds from the sale.
DDD touched a new high of $14.67 this morning and is currently trading at $14.53.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
(RTTNews) - Shares of 3D Systems Corporation (DDD) are rising nearly 30% Thursday morning after the company reported preliminary fourth quarter revenue, better than analysts' view. DDD touched a new high of $14.67 this morning and is currently trading at $14.53. Additionally, 3D Systems said it has completed the sale of its Cimatron and GibbsCAM software businesses to a subsidiary of ST Acquisition Co., an affiliate of Battery Ventures, on January 1, 2021, for about $64.2 million.
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(RTTNews) - Shares of 3D Systems Corporation (DDD) are rising nearly 30% Thursday morning after the company reported preliminary fourth quarter revenue, better than analysts' view. DDD touched a new high of $14.67 this morning and is currently trading at $14.53. The company expects revenue for the fourth quarter to be in the range of $170 million to $176 million.
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(RTTNews) - Shares of 3D Systems Corporation (DDD) are rising nearly 30% Thursday morning after the company reported preliminary fourth quarter revenue, better than analysts' view. DDD touched a new high of $14.67 this morning and is currently trading at $14.53. The company expects revenue for the fourth quarter to be in the range of $170 million to $176 million.
|
(RTTNews) - Shares of 3D Systems Corporation (DDD) are rising nearly 30% Thursday morning after the company reported preliminary fourth quarter revenue, better than analysts' view. DDD touched a new high of $14.67 this morning and is currently trading at $14.53. Additionally, 3D Systems said it has completed the sale of its Cimatron and GibbsCAM software businesses to a subsidiary of ST Acquisition Co., an affiliate of Battery Ventures, on January 1, 2021, for about $64.2 million.
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ad4b2df2-b968-4fce-8c7e-74b3c2b485ae
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716703.0
|
2021-01-07 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Walgreens, CureVac, big banks
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-walgreens-curevac-big-banks-2021-01-07
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes were set to open higher on Thursday as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. .N
At 9:02 a.m. ET, Dow e-minis 1YMc1 were up 0.35% at 30,827. S&P 500 e-minis ESc1 were up 0.55% at 3,761, while Nasdaq 100 e-minis NQc1 were up 0.80% at 12,717.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Sos Ltd , up 82.6% ** 3D Systems Corp , up 19.0% ** Maui Land & Pineapple Company Inc , up 14.7% The top three NYSE percentage losers premarket .PRPL.NQ: ** China Unicom (Hong Kong) Ltd , down 16.9% ** Ingersoll Rand Inc , down 14.3% ** China Telecom Corp Ltd , down 12.7% The top Nasdaq percentage gainers premarket .PRPG.O: ** The9 Ltd , up 41.8% ** Future Fintech Group Inc , up 41.1% The top three Nasdaq percentage losers premarket .PRPL.O: ** XTL Biopharmaceuticals Ltd , down 21.3% ** Urban One Inc , down 20.9% ** Addex Therapeutics Inc , down 20.5% ** SPAR Group Ltd SGRP.O: up 7.8% premarket BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 17.7% premarket BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 2.6% premarket BUZZ-Tesla set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 12.6% premarket BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 21.9% premarket BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 5.8% premarket ** Canopy Growth Corp CGC.O: up 4.4% premarket ** Aphria Inc APHA.O: up 5.5% premarket ** Cronos Group CRON.O: up 6.4% premarket ** Hexo Corp HEXO.N: up 6.0% premarket ** Aurora Cannabis Inc ACB.N: up 5.1% premarket ** Tilray Inc TLRY.O: up 10.7% premarket BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 0.3% premarket BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Netflix Inc NFLX.O: up 1.4% premarket BUZZ-Cowen raises PT ahead of Q4 earnings ** Solaredge Technologies Inc SEDG.O: up 2.8% premarket ** Canadian Solar Inc CSIQ.O: up 5.9% premarket ** First Solar Inc FSLR.O: up 4.4% premarket ** Enphase Energy Inc ENPH.O: up 2.5% premarket ** Sunrun Inc RUN.O: up 4.5% premarket ** SunPower Corp SPWR.O: up 6.7% premarket
** NextEra Energy Inc NEE.N: up 1.6% premarket ** ReneSola Ltd SOL.N: up 12.6% premarket BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 2.7% premarket ** Bank of America Corp BAC.N: up 2.7% premarket ** Wells Fargo & Co WFC.N: up 2.7% premarket ** Citigroup Inc C.N: up 3.1% premarket BUZZ-U.S. banks: Jefferies sees positive 2021 ** DXC Technology Co DXC.N: up 11.5% premarket BUZZ-Rises on report of $10 bln French takeover approach ** Albermarle Corp ALB.N: up 5.9% premarket BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 13.6% premarket BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 1.4% premarket BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 3.2% premarket BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 2.1% premarket BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 6.4% premarket BUZZ-Rises on positive late-stage data from protein disorder treatment
(Compiled by Amruta Khandekar in Bengaluru)
((Amruta.Khandekar@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open higher on Thursday as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. ET, Dow e-minis 1YMc1 were up 0.35% at 30,827. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Sos Ltd , up 82.6% ** 3D Systems Corp , up 19.0% ** Maui Land & Pineapple Company Inc , up 14.7% The top three NYSE percentage losers premarket .PRPL.NQ: ** China Unicom (Hong Kong) Ltd , down 16.9% ** Ingersoll Rand Inc , down 14.3% ** China Telecom Corp Ltd , down 12.7% The top Nasdaq percentage gainers premarket .PRPG.O: ** The9 Ltd , up 41.8% ** Future Fintech Group Inc , up 41.1% The top three Nasdaq percentage losers premarket .PRPL.O: ** XTL Biopharmaceuticals Ltd , down 21.3% ** Urban One Inc , down 20.9% ** Addex Therapeutics Inc , down 20.5% ** SPAR Group Ltd SGRP.O: up 7.8% premarket BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 17.7% premarket BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 2.6% premarket BUZZ-Tesla set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 12.6% premarket BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 21.9% premarket BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 5.8% premarket ** Canopy Growth Corp CGC.O: up 4.4% premarket ** Aphria Inc APHA.O: up 5.5% premarket ** Cronos Group CRON.O: up 6.4% premarket ** Hexo Corp HEXO.N: up 6.0% premarket ** Aurora Cannabis Inc ACB.N: up 5.1% premarket ** Tilray Inc TLRY.O: up 10.7% premarket BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 0.3% premarket BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Netflix Inc NFLX.O: up 1.4% premarket BUZZ-Cowen raises PT ahead of Q4 earnings ** Solaredge Technologies Inc SEDG.O: up 2.8% premarket ** Canadian Solar Inc CSIQ.O: up 5.9% premarket ** First Solar Inc FSLR.O: up 4.4% premarket ** Enphase Energy Inc ENPH.O: up 2.5% premarket ** Sunrun Inc RUN.O: up 4.5% premarket ** SunPower Corp SPWR.O: up 6.7% premarket ** NextEra Energy Inc NEE.N: up 1.6% premarket ** ReneSola Ltd SOL.N: up 12.6% premarket BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 2.7% premarket ** Bank of America Corp BAC.N: up 2.7% premarket ** Wells Fargo & Co WFC.N: up 2.7% premarket ** Citigroup Inc C.N: up 3.1% premarket BUZZ-U.S. banks: Jefferies sees positive 2021 ** DXC Technology Co DXC.N: up 11.5% premarket BUZZ-Rises on report of $10 bln French takeover approach ** Albermarle Corp ALB.N: up 5.9% premarket BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 13.6% premarket BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 1.4% premarket BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 3.2% premarket BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 2.1% premarket BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 6.4% premarket BUZZ-Rises on positive late-stage data from protein disorder treatment (Compiled by Amruta Khandekar in Bengaluru) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open higher on Thursday as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. S&P 500 e-minis ESc1 were up 0.55% at 3,761, while Nasdaq 100 e-minis NQc1 were up 0.80% at 12,717.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Sos Ltd , up 82.6% ** 3D Systems Corp , up 19.0% ** Maui Land & Pineapple Company Inc , up 14.7% The top three NYSE percentage losers premarket .PRPL.NQ: ** China Unicom (Hong Kong) Ltd , down 16.9% ** Ingersoll Rand Inc , down 14.3% ** China Telecom Corp Ltd , down 12.7% The top Nasdaq percentage gainers premarket .PRPG.O: ** The9 Ltd , up 41.8% ** Future Fintech Group Inc , up 41.1% The top three Nasdaq percentage losers premarket .PRPL.O: ** XTL Biopharmaceuticals Ltd , down 21.3% ** Urban One Inc , down 20.9% ** Addex Therapeutics Inc , down 20.5% ** SPAR Group Ltd SGRP.O: up 7.8% premarket BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 17.7% premarket BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 2.6% premarket BUZZ-Tesla set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 12.6% premarket BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 21.9% premarket BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 5.8% premarket ** Canopy Growth Corp CGC.O: up 4.4% premarket ** Aphria Inc APHA.O: up 5.5% premarket ** Cronos Group CRON.O: up 6.4% premarket ** Hexo Corp HEXO.N: up 6.0% premarket ** Aurora Cannabis Inc ACB.N: up 5.1% premarket ** Tilray Inc TLRY.O: up 10.7% premarket BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 0.3% premarket BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Netflix Inc NFLX.O: up 1.4% premarket BUZZ-Cowen raises PT ahead of Q4 earnings ** Solaredge Technologies Inc SEDG.O: up 2.8% premarket ** Canadian Solar Inc CSIQ.O: up 5.9% premarket ** First Solar Inc FSLR.O: up 4.4% premarket ** Enphase Energy Inc ENPH.O: up 2.5% premarket ** Sunrun Inc RUN.O: up 4.5% premarket ** SunPower Corp SPWR.O: up 6.7% premarket ** NextEra Energy Inc NEE.N: up 1.6% premarket ** ReneSola Ltd SOL.N: up 12.6% premarket BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 2.7% premarket ** Bank of America Corp BAC.N: up 2.7% premarket ** Wells Fargo & Co WFC.N: up 2.7% premarket ** Citigroup Inc C.N: up 3.1% premarket BUZZ-U.S. banks: Jefferies sees positive 2021 ** DXC Technology Co DXC.N: up 11.5% premarket BUZZ-Rises on report of $10 bln French takeover approach ** Albermarle Corp ALB.N: up 5.9% premarket BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 13.6% premarket BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 1.4% premarket BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 3.2% premarket BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 2.1% premarket BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 6.4% premarket BUZZ-Rises on positive late-stage data from protein disorder treatment (Compiled by Amruta Khandekar in Bengaluru) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open higher on Thursday as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. S&P 500 e-minis ESc1 were up 0.55% at 3,761, while Nasdaq 100 e-minis NQc1 were up 0.80% at 12,717.5. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Sos Ltd , up 82.6% ** 3D Systems Corp , up 19.0% ** Maui Land & Pineapple Company Inc , up 14.7% The top three NYSE percentage losers premarket .PRPL.NQ: ** China Unicom (Hong Kong) Ltd , down 16.9% ** Ingersoll Rand Inc , down 14.3% ** China Telecom Corp Ltd , down 12.7% The top Nasdaq percentage gainers premarket .PRPG.O: ** The9 Ltd , up 41.8% ** Future Fintech Group Inc , up 41.1% The top three Nasdaq percentage losers premarket .PRPL.O: ** XTL Biopharmaceuticals Ltd , down 21.3% ** Urban One Inc , down 20.9% ** Addex Therapeutics Inc , down 20.5% ** SPAR Group Ltd SGRP.O: up 7.8% premarket BUZZ-Rises on share repurchase program ** CureVac NV CVAC.O: up 17.7% premarket BUZZ-Jumps on alliance with Bayer for COVID-19 vaccine ** Tesla Inc TSLA.O: up 2.6% premarket BUZZ-Tesla set for record open on rating upgrade, Fitch optimism on China demand ** ReneSola Ltd SOL.N: up 12.6% premarket BUZZ-Jumps on joint venture to finance Europe solar projects ** Plug Power Inc PLUG.O: up 21.9% premarket BUZZ-Soars on SK Group's $1.5 bln investment plans ** Sundial Growers Inc SNDL.O: up 5.8% premarket ** Canopy Growth Corp CGC.O: up 4.4% premarket ** Aphria Inc APHA.O: up 5.5% premarket ** Cronos Group CRON.O: up 6.4% premarket ** Hexo Corp HEXO.N: up 6.0% premarket ** Aurora Cannabis Inc ACB.N: up 5.1% premarket ** Tilray Inc TLRY.O: up 10.7% premarket BUZZ-Pot stocks on a high as Democrats take Senate control ** Moelis & Co MC.N: up 0.3% premarket BUZZ-J.P. Morgan upgrades as M&A recovery bounces back ** Netflix Inc NFLX.O: up 1.4% premarket BUZZ-Cowen raises PT ahead of Q4 earnings ** Solaredge Technologies Inc SEDG.O: up 2.8% premarket ** Canadian Solar Inc CSIQ.O: up 5.9% premarket ** First Solar Inc FSLR.O: up 4.4% premarket ** Enphase Energy Inc ENPH.O: up 2.5% premarket ** Sunrun Inc RUN.O: up 4.5% premarket ** SunPower Corp SPWR.O: up 6.7% premarket ** NextEra Energy Inc NEE.N: up 1.6% premarket ** ReneSola Ltd SOL.N: up 12.6% premarket BUZZ-Solar cos gain as Democrats take control of U.S. Senate ** JPMorgan Chase & Co JPM.N: up 2.7% premarket ** Bank of America Corp BAC.N: up 2.7% premarket ** Wells Fargo & Co WFC.N: up 2.7% premarket ** Citigroup Inc C.N: up 3.1% premarket BUZZ-U.S. banks: Jefferies sees positive 2021 ** DXC Technology Co DXC.N: up 11.5% premarket BUZZ-Rises on report of $10 bln French takeover approach ** Albermarle Corp ALB.N: up 5.9% premarket BUZZ-To ramp up lithium production at Nevada site, shares rise ** Bed Bath & Beyond Inc BBBY.O: down 13.6% premarket BUZZ-Sinks on holiday-quarter results miss ** Micron Technology Inc MU.O: up 1.4% premarket BUZZ-BofA hikes PT on growth prospects ** Walgreens Boots Alliance Inc WBA.O: up 3.2% premarket BUZZ-Up on better-than-expected Q1 profit ** Arista Networks Inc ANET.N: up 2.1% premarket BUZZ-Rosenblatt sees "steady growth" heading into 2021; upgrades ** Alnylam Pharmaceuticals Inc ALNY.O: up 6.4% premarket BUZZ-Rises on positive late-stage data from protein disorder treatment (Compiled by Amruta Khandekar in Bengaluru) ((Amruta.Khandekar@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open higher on Thursday as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. ET, Dow e-minis 1YMc1 were up 0.35% at 30,827. S&P 500 e-minis ESc1 were up 0.55% at 3,761, while Nasdaq 100 e-minis NQc1 were up 0.80% at 12,717.5.
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1e770b38-2a83-47fd-bdaf-036268bcf098
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716704.0
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2021-01-07 00:00:00 UTC
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Technology Sector Update for 01/07/2021: BLIN,DDD,SUNW,DGLY
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-01-07-2021%3A-blindddsunwdgly-2021-01-07
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nan
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nan
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Technology stocks rebounded strongly on Thursday, with the SPDR Technology Select Sector ETF Tuesday rising 2.8% while the Philadelphia Semiconductor Index also was advancing 3.7% this afternoon.
In company news, Bridgeline Digital (BLIN) has pushed out to a 7% gain shortly ahead of Thursday's closing bell after earlier saying a "well-established furniture business in Ireland" will use its Celebros Search to power website searches for its customers. Financial terms were not disclosed.
3D Systems (DDD) rallied Thursday, recently racing more than 125% higher to its best price since March 2025 at $25.33, after the 3-D printer company Thursday said it was expecting to report Q4 revenue between $170 million to $176 million, blowing past the Capital IQ consensus looking for $139.9 million in revenue for the three months ended Dec. 31.
Sunworks (SUNW) was nearly 51% higher in late trade after the solar-power company said it paid off the remaining $2.7 million it owed to CrowdOut Capital after selling 3.8 million shares through a $20 million at-the-market offering. The company also said it was actively recruiting a permanent CEO and was expecting to have that person in place by the end of the current quarter.
Digital Ally (DGLY) tumbled over 23% after video recording products company scrapped a proposed public offering of its common stock, citing market conditions. The company said it has sufficient cash and equivalents to fund its operations and capital spending through at least the end of 2021.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) rallied Thursday, recently racing more than 125% higher to its best price since March 2025 at $25.33, after the 3-D printer company Thursday said it was expecting to report Q4 revenue between $170 million to $176 million, blowing past the Capital IQ consensus looking for $139.9 million in revenue for the three months ended Dec. 31. In company news, Bridgeline Digital (BLIN) has pushed out to a 7% gain shortly ahead of Thursday's closing bell after earlier saying a "well-established furniture business in Ireland" will use its Celebros Search to power website searches for its customers. The company also said it was actively recruiting a permanent CEO and was expecting to have that person in place by the end of the current quarter.
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3D Systems (DDD) rallied Thursday, recently racing more than 125% higher to its best price since March 2025 at $25.33, after the 3-D printer company Thursday said it was expecting to report Q4 revenue between $170 million to $176 million, blowing past the Capital IQ consensus looking for $139.9 million in revenue for the three months ended Dec. 31. Technology stocks rebounded strongly on Thursday, with the SPDR Technology Select Sector ETF Tuesday rising 2.8% while the Philadelphia Semiconductor Index also was advancing 3.7% this afternoon. Sunworks (SUNW) was nearly 51% higher in late trade after the solar-power company said it paid off the remaining $2.7 million it owed to CrowdOut Capital after selling 3.8 million shares through a $20 million at-the-market offering.
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3D Systems (DDD) rallied Thursday, recently racing more than 125% higher to its best price since March 2025 at $25.33, after the 3-D printer company Thursday said it was expecting to report Q4 revenue between $170 million to $176 million, blowing past the Capital IQ consensus looking for $139.9 million in revenue for the three months ended Dec. 31. In company news, Bridgeline Digital (BLIN) has pushed out to a 7% gain shortly ahead of Thursday's closing bell after earlier saying a "well-established furniture business in Ireland" will use its Celebros Search to power website searches for its customers. Sunworks (SUNW) was nearly 51% higher in late trade after the solar-power company said it paid off the remaining $2.7 million it owed to CrowdOut Capital after selling 3.8 million shares through a $20 million at-the-market offering.
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3D Systems (DDD) rallied Thursday, recently racing more than 125% higher to its best price since March 2025 at $25.33, after the 3-D printer company Thursday said it was expecting to report Q4 revenue between $170 million to $176 million, blowing past the Capital IQ consensus looking for $139.9 million in revenue for the three months ended Dec. 31. Technology stocks rebounded strongly on Thursday, with the SPDR Technology Select Sector ETF Tuesday rising 2.8% while the Philadelphia Semiconductor Index also was advancing 3.7% this afternoon. In company news, Bridgeline Digital (BLIN) has pushed out to a 7% gain shortly ahead of Thursday's closing bell after earlier saying a "well-established furniture business in Ireland" will use its Celebros Search to power website searches for its customers.
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a799a6d0-a756-4a2d-98ed-3ecf08aee959
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716705.0
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2020-12-29 00:00:00 UTC
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Why 3D Printing Stocks Crashed Today
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DDD
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https://www.nasdaq.com/articles/why-3d-printing-stocks-crashed-today-2020-12-29
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nan
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nan
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What happened
Tuesday, for the third straight trading day, 3D printing stocks tumbled. By the time the selling was done, contract 3D prototyper Proto Labs (NYSE: PRLB) had closed 5.8% lower, printer maker 3D Systems (NYSE: DDD) fell 9.5%, and Desktop Metal (NYSE: DM) -- a recent special purpose acquisition company (SPAC) IPO and the newest kid on the 3D printing block -- was down 9.7%.
So what
Why did all these 3D printing stocks collapse today? Good question. Next question, please.
I jest, but there really doesn't seem to be any definitive reason for 3D printing stocks to take it on the chin today. No analyst downgrades (or even reductions to price target) are in evidence. There's no negative news on the wires. Even the economy caught sort of a break, with President Trump having signed the second big coronavirus stimulus bill over the weekend, and Congress now considering amendments to triple the amount of direct stimulus payments to taxpayers -- to $2,000 each -- a move that would put more money in consumers' pockets, and therefore presumably stimulate both consumption and production (and, by extension, 3D printing services for producers).
Image source: Getty Images.
Now what
So again, what's with all the selling? It could be investors selling for tax purposes. While far from the biggest gainers on the market this year, these three 3D printing stocks are also far from the worst. Over the past year, Desktop Metal shares are up a stellar 90%, Proto Labs stock has gained a strong 65%, and even 3D Systems put together a 28% gain -- 12 points better than the S&P 500's overall performance this year.
Investors sitting on large capital gains this year may be wanting to sell now, in tax year 2020, rather than wait until 2021, when tax laws may change (and tax rates could rise) under the incoming Biden administration. In the absence of any better explanation for why these three stocks have suffered three straight days of unremitting losses, I suspect "income tax worries" is as good an explanation as any.
And if I'm right? What does that mean for investors then? Don't be surprised if the selling continues for another couple of days, even in the absence of any actual bad news. But the good news is that next week will bring a new trading year -- and a new chance for 3D printing stocks to rise.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By the time the selling was done, contract 3D prototyper Proto Labs (NYSE: PRLB) had closed 5.8% lower, printer maker 3D Systems (NYSE: DDD) fell 9.5%, and Desktop Metal (NYSE: DM) -- a recent special purpose acquisition company (SPAC) IPO and the newest kid on the 3D printing block -- was down 9.7%. Even the economy caught sort of a break, with President Trump having signed the second big coronavirus stimulus bill over the weekend, and Congress now considering amendments to triple the amount of direct stimulus payments to taxpayers -- to $2,000 each -- a move that would put more money in consumers' pockets, and therefore presumably stimulate both consumption and production (and, by extension, 3D printing services for producers). Don't be surprised if the selling continues for another couple of days, even in the absence of any actual bad news.
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By the time the selling was done, contract 3D prototyper Proto Labs (NYSE: PRLB) had closed 5.8% lower, printer maker 3D Systems (NYSE: DDD) fell 9.5%, and Desktop Metal (NYSE: DM) -- a recent special purpose acquisition company (SPAC) IPO and the newest kid on the 3D printing block -- was down 9.7%. What happened Tuesday, for the third straight trading day, 3D printing stocks tumbled. Over the past year, Desktop Metal shares are up a stellar 90%, Proto Labs stock has gained a strong 65%, and even 3D Systems put together a 28% gain -- 12 points better than the S&P 500's overall performance this year.
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By the time the selling was done, contract 3D prototyper Proto Labs (NYSE: PRLB) had closed 5.8% lower, printer maker 3D Systems (NYSE: DDD) fell 9.5%, and Desktop Metal (NYSE: DM) -- a recent special purpose acquisition company (SPAC) IPO and the newest kid on the 3D printing block -- was down 9.7%. Over the past year, Desktop Metal shares are up a stellar 90%, Proto Labs stock has gained a strong 65%, and even 3D Systems put together a 28% gain -- 12 points better than the S&P 500's overall performance this year. Investors sitting on large capital gains this year may be wanting to sell now, in tax year 2020, rather than wait until 2021, when tax laws may change (and tax rates could rise) under the incoming Biden administration.
|
By the time the selling was done, contract 3D prototyper Proto Labs (NYSE: PRLB) had closed 5.8% lower, printer maker 3D Systems (NYSE: DDD) fell 9.5%, and Desktop Metal (NYSE: DM) -- a recent special purpose acquisition company (SPAC) IPO and the newest kid on the 3D printing block -- was down 9.7%. But the good news is that next week will bring a new trading year -- and a new chance for 3D printing stocks to rise. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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e93a3fd5-4f2e-4ed0-9722-a38d26037960
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716706.0
|
2020-12-23 00:00:00 UTC
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After Hours Most Active for Dec 23, 2020 : DDD, MDLA, VIAC, AAPL, ABEV, AFL, GPS, PCG, NYMT, SBGI, PAGP, DISH
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DDD
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https://www.nasdaq.com/articles/after-hours-most-active-for-dec-23-2020-%3A-ddd-mdla-viac-aapl-abev-afl-gps-pcg-nymt-sbgi
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -3.86 to 12,649.28. The total After hours volume is currently 70,894,765 shares traded.
The following are the most active stocks for the after hours session:
3D Systems Corporation (DDD) is -0.018 at $12.20, with 19,259,826 shares traded. DDD's current last sale is 152.53% of the target price of $8.
Medallia, Inc. (MDLA) is -0.015 at $34.55, with 5,232,431 shares traded. As reported by Zacks, the current mean recommendation for MDLA is in the "buy range".
ViacomCBS Inc. (VIAC) is +0.0375 at $35.99, with 4,569,867 shares traded. As reported in the last short interest update the days to cover for VIAC is 10.755232; this calculation is based on the average trading volume of the stock.
Apple Inc. (AAPL) is -0.12 at $130.84, with 3,980,315 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Ambev S.A. (ABEV) is unchanged at $3.02, with 3,603,471 shares traded. ABEV's current last sale is 100.67% of the target price of $3.
Aflac Incorporated (AFL) is unchanged at $43.53, with 3,012,627 shares traded. AFL's current last sale is 89.75% of the target price of $48.5.
Gap, Inc. (The) (GPS) is -0.12 at $20.58, with 2,355,153 shares traded. GPS's current last sale is 85.75% of the target price of $24.
Pacific Gas & Electric Co. (PCG) is -0.0498 at $12.46, with 2,204,046 shares traded. PCG's current last sale is 89% of the target price of $14.
New York Mortgage Trust, Inc. (NYMT) is -0.01 at $3.67, with 1,942,957 shares traded. NYMT's current last sale is 97.87% of the target price of $3.75.
Sinclair Broadcast Group, Inc. (SBGI) is -0.3 at $31.20, with 1,785,069 shares traded. SBGI's current last sale is 115.56% of the target price of $27.
Plains GP Holdings, L.P. (PAGP) is unchanged at $9.24, with 1,528,366 shares traded. As reported by Zacks, the current mean recommendation for PAGP is in the "buy range".
DISH Network Corporation (DISH) is -0.09 at $30.88, with 1,130,866 shares traded. As reported by Zacks, the current mean recommendation for DISH is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corporation (DDD) is -0.018 at $12.20, with 19,259,826 shares traded. DDD's current last sale is 152.53% of the target price of $8. As reported by Zacks, the current mean recommendation for MDLA is in the "buy range".
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3D Systems Corporation (DDD) is -0.018 at $12.20, with 19,259,826 shares traded. DDD's current last sale is 152.53% of the target price of $8. The total After hours volume is currently 70,894,765 shares traded.
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3D Systems Corporation (DDD) is -0.018 at $12.20, with 19,259,826 shares traded. DDD's current last sale is 152.53% of the target price of $8. The total After hours volume is currently 70,894,765 shares traded.
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3D Systems Corporation (DDD) is -0.018 at $12.20, with 19,259,826 shares traded. DDD's current last sale is 152.53% of the target price of $8. GPS's current last sale is 85.75% of the target price of $24.
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2411c05e-a68f-4344-b604-b948abcddce3
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716707.0
|
2020-12-08 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Kodak, Cancer Genetics, ON Semiconductor
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-tesla-kodak-cancer-genetics-on-semiconductor-2020-12-08
|
nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stock index futures dipped on Monday as surging coronavirus cases threatened to further hamper a slowing economic revival, while investors waited for progress in ongoing negotiations for a fresh COVID-19 relief package. .N
At 6:56 ET, Dow e-minis 1YMc1 were down 0.46% at 29,918. S&P 500 e-minis ESc1 were down 0.50% at 3,672.25, while Nasdaq 100 e-minis NQc1 were down 0.34% at 12,552.75. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Fusion Acquisition Corp , up 18.9% ** Smartsheet Inc , up 17.0% ** Medley Management Inc , up 9.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Capital Senior Living Corp , down 17.7% ** 3D Systems Corp , down 8.7% ** Plains All American Pipeline L.P , down 7.4% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Neurometrix Inc , up 97.2% ** Cancer Genetics Inc , up 39.7% ** Stitch Fix Inc , up 33.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Meten Edtechx Education Group Ltd , down 17.1% ** Sundial Growers Inc , down 11.1% ** Francesca's Holdings Corp , down 11.4% ** Coupa Software Inc COUP.O: up 3.6% premarket BUZZ-Rises as brokerages raise PTs on strong Q3 results, forecast ** ON Semiconductor Corp ON.O: up 4.1% premarket BUZZ-KeyBanc upgrades on new CEO appointment ** Eastman Kodak Co KODK.N: up 4.4% premarket BUZZ-Extends gains as agency finds no wrongdoing related to loan ** Hollysys Automation Technologies HOLI.O: up 17.9% premarket BUZZ-Jumps on acquisition proposal ** Tesla Inc TSLA.O: down 2.5% premarket BUZZ-Down as it looks to sell shares worth up to $5 bln
(Compiled by Trisha Roy)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock index futures dipped on Monday as surging coronavirus cases threatened to further hamper a slowing economic revival, while investors waited for progress in ongoing negotiations for a fresh COVID-19 relief package. .N At 6:56 ET, Dow e-minis 1YMc1 were down 0.46% at 29,918. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Fusion Acquisition Corp , up 18.9% ** Smartsheet Inc , up 17.0% ** Medley Management Inc , up 9.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Capital Senior Living Corp , down 17.7% ** 3D Systems Corp , down 8.7% ** Plains All American Pipeline L.P , down 7.4% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Neurometrix Inc , up 97.2% ** Cancer Genetics Inc , up 39.7% ** Stitch Fix Inc , up 33.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Meten Edtechx Education Group Ltd , down 17.1% ** Sundial Growers Inc , down 11.1% ** Francesca's Holdings Corp , down 11.4% ** Coupa Software Inc COUP.O: up 3.6% premarket BUZZ-Rises as brokerages raise PTs on strong Q3 results, forecast ** ON Semiconductor Corp ON.O: up 4.1% premarket BUZZ-KeyBanc upgrades on new CEO appointment ** Eastman Kodak Co KODK.N: up 4.4% premarket BUZZ-Extends gains as agency finds no wrongdoing related to loan ** Hollysys Automation Technologies HOLI.O: up 17.9% premarket BUZZ-Jumps on acquisition proposal ** Tesla Inc TSLA.O: down 2.5% premarket BUZZ-Down as it looks to sell shares worth up to $5 bln (Compiled by Trisha Roy) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock index futures dipped on Monday as surging coronavirus cases threatened to further hamper a slowing economic revival, while investors waited for progress in ongoing negotiations for a fresh COVID-19 relief package. S&P 500 e-minis ESc1 were down 0.50% at 3,672.25, while Nasdaq 100 e-minis NQc1 were down 0.34% at 12,552.75. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Fusion Acquisition Corp , up 18.9% ** Smartsheet Inc , up 17.0% ** Medley Management Inc , up 9.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Capital Senior Living Corp , down 17.7% ** 3D Systems Corp , down 8.7% ** Plains All American Pipeline L.P , down 7.4% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Neurometrix Inc , up 97.2% ** Cancer Genetics Inc , up 39.7% ** Stitch Fix Inc , up 33.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Meten Edtechx Education Group Ltd , down 17.1% ** Sundial Growers Inc , down 11.1% ** Francesca's Holdings Corp , down 11.4% ** Coupa Software Inc COUP.O: up 3.6% premarket BUZZ-Rises as brokerages raise PTs on strong Q3 results, forecast ** ON Semiconductor Corp ON.O: up 4.1% premarket BUZZ-KeyBanc upgrades on new CEO appointment ** Eastman Kodak Co KODK.N: up 4.4% premarket BUZZ-Extends gains as agency finds no wrongdoing related to loan ** Hollysys Automation Technologies HOLI.O: up 17.9% premarket BUZZ-Jumps on acquisition proposal ** Tesla Inc TSLA.O: down 2.5% premarket BUZZ-Down as it looks to sell shares worth up to $5 bln (Compiled by Trisha Roy) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock index futures dipped on Monday as surging coronavirus cases threatened to further hamper a slowing economic revival, while investors waited for progress in ongoing negotiations for a fresh COVID-19 relief package. S&P 500 e-minis ESc1 were down 0.50% at 3,672.25, while Nasdaq 100 e-minis NQc1 were down 0.34% at 12,552.75. The top three NYSE percentage gainers premarket .PRPG.NQ: ** Fusion Acquisition Corp , up 18.9% ** Smartsheet Inc , up 17.0% ** Medley Management Inc , up 9.5% The top three NYSE percentage losers premarket .PRPL.NQ: ** Capital Senior Living Corp , down 17.7% ** 3D Systems Corp , down 8.7% ** Plains All American Pipeline L.P , down 7.4% The top three Nasdaq percentage gainers premarket .PRPG.O: ** Neurometrix Inc , up 97.2% ** Cancer Genetics Inc , up 39.7% ** Stitch Fix Inc , up 33.3% The top three Nasdaq percentage losers premarket .PRPL.O: ** Meten Edtechx Education Group Ltd , down 17.1% ** Sundial Growers Inc , down 11.1% ** Francesca's Holdings Corp , down 11.4% ** Coupa Software Inc COUP.O: up 3.6% premarket BUZZ-Rises as brokerages raise PTs on strong Q3 results, forecast ** ON Semiconductor Corp ON.O: up 4.1% premarket BUZZ-KeyBanc upgrades on new CEO appointment ** Eastman Kodak Co KODK.N: up 4.4% premarket BUZZ-Extends gains as agency finds no wrongdoing related to loan ** Hollysys Automation Technologies HOLI.O: up 17.9% premarket BUZZ-Jumps on acquisition proposal ** Tesla Inc TSLA.O: down 2.5% premarket BUZZ-Down as it looks to sell shares worth up to $5 bln (Compiled by Trisha Roy) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock index futures dipped on Monday as surging coronavirus cases threatened to further hamper a slowing economic revival, while investors waited for progress in ongoing negotiations for a fresh COVID-19 relief package. .N At 6:56 ET, Dow e-minis 1YMc1 were down 0.46% at 29,918. S&P 500 e-minis ESc1 were down 0.50% at 3,672.25, while Nasdaq 100 e-minis NQc1 were down 0.34% at 12,552.75.
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e5057c94-c4f8-4f77-aab0-2b6ed42a0120
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716708.0
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2020-12-03 00:00:00 UTC
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Why 3D Systems Stock Soared 61% in November
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-soared-61-in-november-2020-12-03
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nan
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nan
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What happened
Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, skyrocketed 60.8% in November, according to data from S&P Global Market Intelligence.
For context, the S&P 500 index returned 11% last month.
Image source: Getty Images.
So what
We can attribute 3D Systems stock's robust performance last month to several company-specific catalysts, as well as to strength in the overall market.
On Nov. 3, shares rose 8.5% following the company's announcement of the sale of its Cimatron and GibbsCAM software businesses to Battery Ventures for $65 million. This move was part of the company's restructuring plan. The deal is expected to close in the fourth quarter of 2020. Investors surely liked that 3D Systems is on track to get an infusion of cash soon, as liquidity has been a concern this year.
Shares tacked on nearly 12% in the three-day period following the company's release of its third-quarter results on Nov. 5, which beat Wall Street's expectations and led to an analyst upgrade. William Blair's Brian Drab upgraded his rating on 3D Systems stock from underperform to market perform.
In the third quarter, 3D Systems' revenue fell 13% year over year to $135.1 million. Loss per share under generally accepted accounting principles (GAAP) widened 307% to $0.61. Adjusted for one-time items, including a $0.41 per share pre-tax noncash goodwill impairment charge, loss per share narrowed 25% to $0.03.
This report was far from rosy given that revenue is still declining year over year and the company posted losses on both a GAAP and adjusted basis. That said, both the top and bottom lines managed to easily surpass the Street's consensus estimates. Analysts had been looking for an adjusted loss per share of $0.08 on revenue of $114 million.
Widening our time lens, here's a look at how 3D Systems stock has performed so far in 2020 through Dec. 2. For context, included are shares of rival Stratasys, also a pure play 3D printing company, and Proto Labs, which provides traditional and 3D printing manufacturing services.
Now what
I'll reiterate what I wrote in my earnings article:
3D Systems made some progress in the third quarter in its turnaround efforts. Revenue increased notably from the second quarter, and its liquidity situation is on track to improve significantly once the sales of its Cimatron and GibbsCAM businesses close.
That said, it's still early in the turnaround, and year-over-year revenue is still declining. Moreover, the pandemic makes it impossible to determine if the company's underlying revenue performance is improving.
While encouraging, the company's progress doesn't justify the 61% run-up in its stock in November, in my opinion.
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*Stock Advisor returns as of November 20, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, skyrocketed 60.8% in November, according to data from S&P Global Market Intelligence. Shares tacked on nearly 12% in the three-day period following the company's release of its third-quarter results on Nov. 5, which beat Wall Street's expectations and led to an analyst upgrade. Revenue increased notably from the second quarter, and its liquidity situation is on track to improve significantly once the sales of its Cimatron and GibbsCAM businesses close.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, skyrocketed 60.8% in November, according to data from S&P Global Market Intelligence. In the third quarter, 3D Systems' revenue fell 13% year over year to $135.1 million. The Motley Fool owns shares of and recommends Proto Labs.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, skyrocketed 60.8% in November, according to data from S&P Global Market Intelligence. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Beth McKenna has no position in any of the stocks mentioned.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, skyrocketed 60.8% in November, according to data from S&P Global Market Intelligence. Analysts had been looking for an adjusted loss per share of $0.08 on revenue of $114 million. Revenue increased notably from the second quarter, and its liquidity situation is on track to improve significantly once the sales of its Cimatron and GibbsCAM businesses close.
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716709.0
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2020-11-24 00:00:00 UTC
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3D Systems vs. Stratasys: Which Had the Better Q3 Earnings Results?
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https://www.nasdaq.com/articles/3d-systems-vs.-stratasys%3A-which-had-the-better-q3-earnings-results-2020-11-24
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Earlier this month, 3D Systems and Stratasys reported third-quarter 2020 results. (3D Systems' results here.) We're going to compare the two 3D printing companies' results metric for metric.
Keep in mind that qualitative factors can be just as important as quantitative ones and we're looking at just one quarter. Even with these caveats, however, the findings from this exercise should help you make investing decisions in the 3D printing space.
Image source: Getty Images.
Revenue
COMPANY
Q3 2020 RESULT
3D Systems (NYSE: DDD)
$135.1 million, down 13% from the year-ago period
Stratasys (NASDAQ: SSYS)
$127.9 million, down 19%
Data sources: company earnings reports.
Advantage: 3D Systems.
Neither company is performing well with respect to sales. That said, 3D Systems is the winner here (or, more accurately, the lesser of the losers) because its year-over-year revenue dropped considerably less than did its competitor's.
Both companies have been hurt by the COVID-19 pandemic. Many of their customers in the industrial sector were temporarily closed, and some are still not operating at full capacity. However, the global crisis isn't the sole culprit. Both 3D printing companies were struggling to grow revenue before the pandemic.
GAAP earnings per share
COMPANY
Q3 2020 RESULT
3D Systems
($0.61), down from ($0.15) in the year-ago period
Stratasys
($7.35), down from ($0.13)
Data sources: company earnings reports. GAAP = generally accepted accounting principles.
Advantage: 3D Systems.
Both companies were unprofitable from a reported, or GAAP, basis. But 3D Systems wins this category because its bottom line didn't worsen nearly as much as Stratasys' did.
Investors, however, shouldn't give this category too much weight. Both companies took goodwill impairment charges in the quarter -- and Stratasys' was much bigger. These charges, which don't involve cash, stem primarily from the pandemic's effect on the companies' businesses.
Given the difference in the size of these impairment charges ($48.3 million, or $0.41 per share, for 3D Systems, and $386.2 million, or $7.01 per share, for Stratasys), it seems likely more impairment charges will be coming soon for 3D Systems. These companies' businesses haven't been performing that much differently.
Adjusted EPS
COMPANY
Q3 2020 RESULT
3D Systems
($0.03), up from ($0.04) in the year-ago period
Stratasys
($0.05), down from $0.12
Data sources: company earnings reports.
Advantage: Tie.
Granted, Stratasys' year-over-year result worsened, while 3D Systems' improved a bit. However, this is because 3D Systems had an easier comparable, since it performed considerably worse than Stratasys in the year-ago period. It doesn't seem fair to ding Stratasys for this fact.
I'm calling this one a tie, as the companies' adjusted net losses were in the same ballpark: $4.1 million for 3D Systems and $3 million for Stratasys. (3D Systems has more shares outstanding, which is why its adjusted loss per share is smaller even though its adjusted net loss is larger.)
Adjusted gross margin
COMPANY
Q3 2020 RESULT
3D Systems
43.5%, down from 44.4% in the year-ago period
Stratasys
46.8%, down from 52.4%
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys easily wins this category. A higher gross margin relative to a competitor with a similar business profile often reflects stronger pricing power.
Liquidity -- operating cash flow and cash on hand
COMPANY
Q3 2020 RESULT
3D Systems
Used $11.6 million in cash in operations.
Ended the quarter with $75.3 million in cash and cash equivalents.
Has debt of $21.7 million.
Stratasys
Generated $2.6 million in cash from operations.
Ended the quarter with $308.2 million in cash and cash equivalents.
Has no debt.
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys has the upper hand with respect to cash flow and liquidity. Its more robust balance sheet gives it an advantage in acquisitions and in the ability to weather tough times.
Stratasys generated cash from its operations in the quarter, while 3D Systems used cash. Moreover, Stratasys has about four times as much cash as its competitor. Finally, Stratasys has no debt, while 3D Systems has debt.
Research and development spending
COMPANY
Q3 2020 RESULT
3D Systems
$18.9 million, or 14% of revenue
Stratasys
$19.6 million, or 15.3% of revenue
Data sources: company earnings reports.
Advantage: Tie.
Stratasys spent more money on R&D on an absolute basis and as a percentage of revenue than did 3D Systems. However, both differences are relatively small, so this category is a draw.
Investing in R&D is critical for companies in the technology realm. Those that don't adequately innovate often eventually get left behind.
The winner is... it's a tie
Score: 3D Systems: 2; Stratasys: 2 tie: 2.
Keep in mind the two caveats mentioned at the top of this article: Qualitative factors can be as important as quantitative ones, and we only considered one quarter's results.
10 stocks we like better than 3D Systems
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*Stock Advisor returns as of November 20, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) $135.1 million, down 13% from the year-ago period Stratasys (NASDAQ: SSYS) $127.9 million, down 19% Data sources: company earnings reports. That said, 3D Systems is the winner here (or, more accurately, the lesser of the losers) because its year-over-year revenue dropped considerably less than did its competitor's. A higher gross margin relative to a competitor with a similar business profile often reflects stronger pricing power.
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3D Systems (NYSE: DDD) $135.1 million, down 13% from the year-ago period Stratasys (NASDAQ: SSYS) $127.9 million, down 19% Data sources: company earnings reports. 3D Systems ($0.61), down from ($0.15) in the year-ago period Stratasys ($7.35), down from ($0.13) Data sources: company earnings reports. 3D Systems $18.9 million, or 14% of revenue Stratasys $19.6 million, or 15.3% of revenue Data sources: company earnings reports.
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3D Systems (NYSE: DDD) $135.1 million, down 13% from the year-ago period Stratasys (NASDAQ: SSYS) $127.9 million, down 19% Data sources: company earnings reports. Given the difference in the size of these impairment charges ($48.3 million, or $0.41 per share, for 3D Systems, and $386.2 million, or $7.01 per share, for Stratasys), it seems likely more impairment charges will be coming soon for 3D Systems. 3D Systems $18.9 million, or 14% of revenue Stratasys $19.6 million, or 15.3% of revenue Data sources: company earnings reports.
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3D Systems (NYSE: DDD) $135.1 million, down 13% from the year-ago period Stratasys (NASDAQ: SSYS) $127.9 million, down 19% Data sources: company earnings reports. These companies' businesses haven't been performing that much differently. 3D Systems Used $11.6 million in cash in operations.
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2020-11-19 00:00:00 UTC
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Is 3D Systems Stock a Buy?
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https://www.nasdaq.com/articles/is-3d-systems-stock-a-buy-2020-11-19
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3D Systems (NYSE: DDD) has had a pretty amazing fall from its peak as a stock market darling in 2013. The company's revenue growth has stalled, gross margin has shrunk, and the nearly unlimited market investors thought 3D printing would open up didn't materialize.
Since then, management has shifted 3D Systems' focus to more specialized markets. The move is probably the right strategy compared to the failing traditional printer sale market, but that doesn't necessarily make this stock a no-brainer buy today.
Image source: Getty Images.
3D Systems' long fall from grace
The chart below gives a pretty good picture of where 3D Systems has been over the past decade. The company was a high-growth stock to start the decade as 3D printing in general exploded, but then it stagnated as costs came down and the 3D printer market reached saturation.
DDD Revenue (TTM) data by YCharts.
Along the way, the company's technology has improved and applications for 3D printing have at least matured to a handful of areas where developers see value. But that maturation never led to a sustainably profitable business long-term.
And now, 3D Systems sees its best opportunities in the end markets where it can add a lot of value, hoping that higher gross margin in those segments of the market will lead to profitability.
Focus on the highest-value markets
If you look at 3D Systems' pitch to industrial stock investors today, it's based on the idea that medical and industrial companies see a lot of value in the company's products. In medicine, dental, medical devices, and planning for surgery, using 3D models makes a lot of sense. And those are markets where there's funding for 3D models and 3D Systems' services.
For industrial customers, 3D printing of plastics and metals allows them to produce low-volume products on demand and can reduce costs long-term. You can see where that can lead to low volume, but very high-value sales for 3D Systems.
Both of these markets make sense on paper, but they're niche markets and they're not likely to be high-volume businesses that investors once hoped for from 3D Systems.
Signs of progress?
If medical and industrial applications are the future of 3D Systems, we should be seeing some changes in the company's financial performance. Revenue may go down, but gross margin should go up if 3D printing is adding a lot of value to these end-users. In the third quarter, for example, healthcare revenue was up a modest 6.1% to $59.8 million but industrial sales plunged 23.8% to $75.3 million. The company doesn't break out margins in each segment, but gross margins were only up from 43.3% a year ago to 43.4%. So, if we're not seeing the medical and industrial focus lead to higher margins -- at least not yet.
We're still seeing 3D Systems' revenue in decline and gross margin struggle to return to near 50% -- a level the company managed only a few years ago. And on the bottom line, there's no sign that losses are going to subside soon.
Management has indicated that it expects the business to turn around when the pandemic lifts and the strategy of focusing on medical and industrial customers takes hold in the market. But until that happens, this is a stock I'll watch from afar. 3D Systems has failed to live up to lofty expectations for far too long, and that's why it's not a buy in my eyes.
10 stocks we like better than 3D Systems
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of October 20, 2020
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) has had a pretty amazing fall from its peak as a stock market darling in 2013. DDD Revenue (TTM) data by YCharts. The company's revenue growth has stalled, gross margin has shrunk, and the nearly unlimited market investors thought 3D printing would open up didn't materialize.
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3D Systems (NYSE: DDD) has had a pretty amazing fall from its peak as a stock market darling in 2013. DDD Revenue (TTM) data by YCharts. The move is probably the right strategy compared to the failing traditional printer sale market, but that doesn't necessarily make this stock a no-brainer buy today.
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3D Systems (NYSE: DDD) has had a pretty amazing fall from its peak as a stock market darling in 2013. DDD Revenue (TTM) data by YCharts. And now, 3D Systems sees its best opportunities in the end markets where it can add a lot of value, hoping that higher gross margin in those segments of the market will lead to profitability.
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3D Systems (NYSE: DDD) has had a pretty amazing fall from its peak as a stock market darling in 2013. DDD Revenue (TTM) data by YCharts. And now, 3D Systems sees its best opportunities in the end markets where it can add a lot of value, hoping that higher gross margin in those segments of the market will lead to profitability.
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bb7ef327-dd88-4dd7-98da-f77e51e0b5f2
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716711.0
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2020-11-12 00:00:00 UTC
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3D Systems' Earnings Beat Expectations, but Don't Read Much Into Its Stock's Swings
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings-beat-expectations-but-dont-read-much-into-its-stocks-swings-2020-11-12
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3D Systems (NYSE: DDD) reported third-quarter 2020 results after the market close on Thursday, Nov. 5. Shares closed down 4.6% on Friday but recouped that entire decline (plus some) on Monday, when they rose 10.1%. On Tuesday, shares tacked on another 6.4%, though edged down 1% on Thursday.
Why the three sizable recent moves?
Don't read too much into the ones on Friday and Monday, as they seem more market-driven than earnings-related. However, Tuesday's move does stem from the earnings report. William Blair analyst Brian Drab saw enough positive in the report to upgrade his rating on 3D Systems stock from underperform (which usually equates to "sell" in Wall Street lingo) to market perform (or "hold"). Long-term investors shouldn't pay much attention to such ratings as Wall Street focuses on the short term.
Image source: Getty Images.
3D Systems' key numbers
METRIC Q3 2020 Q3 2019
CHANGE
Revenue $135.1 million $155.3 million (13%)
GAAP operating income ($67.6 million) ($11.9 million) Loss widened 468%
Adjusted operating income -- ($300,000) N/A
GAAP net income ($72.9 million) ($16.8 million) Loss widened 334%
Adjusted net income ($4.1 million) ($4.5 million) Loss narrowed 9%
GAAP earnings per share (EPS) ($0.61) ($0.15) Loss widened 307%
Adjusted EPS ($0.03) ($0.04) Loss narrowed 25%
Data source: 3D Systems. GAAP = generally accepted accounting principles.
The adjusted net income and EPS exclude a $48.3 million, or $0.41 per share, pre-tax noncash goodwill impairment charge, among other one-time items.
Wall Street was looking for an adjusted loss per share of $0.08 on revenue of $114 million. So 3D Systems easily beat both consensus estimates, though analysts' expectations were low.
Gross margins held up well. GAAP gross margin was 43.4%, down slightly from 43.3% in the year-ago period, but up considerably from 31.4% in the second quarter. Adjusted gross margin landed at 43.5%, down from 44.4% in the year-ago quarter, but up from 41.3% last quarter.
For context, in the second quarter, revenue decreased 29% year over year to $112.1 million. The company's year-over-year revenue performance improved in the third quarter, as the decline wasn't as large. Sequentially, revenue grew nearly 21%, which is a promising sign. Still, investors should remain cautious, as one quarter doesn't make a trend. If Q4 revenue is greater than Q2 revenue, however, we can probably feel fairly secure that the pandemic-driven revenue trough is behind the company.
That said, keep in mind that 3D Systems had been struggling to grow revenue before the pandemic started. An end to the crisis doesn't mean that meaningful revenue growth is assured or even probable.
Segment results: Healthcare is carrying the load
SEGMENT Q3 2020 REVENUE CHANGE YOY
Healthcare $59.8 million 6.1%
Industrial $75.3 million (24%)
Total $135.1 million (13%)
Data source: 3D Systems. YOY = year over year.
The healthcare vertical's year-over-year revenue growth was driven by stronger sales to the dental market. The industrial sales decline was broad-based and still largely driven by the pandemic.
Still gobbling up cash in operations, but liquidity should soon notably improve
In Q3, 3D Systems used $11.6 million in cash running its operations. That's a worse result than in Q3 2019, when it generated $6.5 million of cash from operations, but an improvement from the second quarter, when it used $18.7 million of cash in operations.
The company ended the period with cash on hand of $75.3 million, up from $63.9 million last quarter. That additional cash was generated by the issuance of $25 million of common stock and the sale of noncore assets. The company has total debt of $21.7 million and a $100 million revolving credit facility with approximately $30.6 million of availability.
The good news is that liquidity -- which has been a major concern, as outlined in my earnings preview -- should soon improve more significantly. 3D Systems recently announced the sale of its Cimatron and GibbsCAM software businesses. Management said on theearnings callthat it expects to net $45 million to $50 million in cash from the deal, which it anticipates will close in the fourth quarter. These businesses are focused on traditional (or "subtractive") manufacturing -- not 3D printing, which is considered additive manufacturing. They were purchased in 2015 when the company, then under different top management, was in hyper-acquisitive mode.
What management had to say
Here's part of what CEO Jeffrey Graves said in the earnings release:
While the challenges of the pandemic persist, we were pleased to deliver strong sequential quarterly growth in [our combined] healthcare and industrial businesses of approximately 20%, as markets incrementally opened around the world. While volatility continues, we anticipate these trends continuing as we move forward through our fourth quarter. With our restructuring efforts on track to deliver our targeted $60 million in savings on a run-rate basis by year-end, we are pleased with our progress in the quarter and believe we will exit the year a much more efficient, highly focused additive manufacturing company that is well positioned as a market leader in this exciting industry.
Some progress, but caution is still warranted
3D Systems made some progress in the third quarter in its turnaround efforts. Revenue increased notably from the second quarter, and its liquidity situation is on track to improve significantly once the sales of its Cimatron and GibbsCAM businesses close.
That said, it's still early in the turnaround, and year-over-year revenue is still declining. Moreover, the pandemic makes it impossible to determine if the company's underlying revenue performance is improving.
Management did not provide guidance.
When can investors feel less cautious about 3D Systems stock? When we start to see year-over-year revenue growth (beyond just from the trough of the pandemic, as the company will have easy comparables next year) with a corresponding increase -- even if just slight -- in profitability.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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*Stock Advisor returns as of October 20, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) reported third-quarter 2020 results after the market close on Thursday, Nov. 5. William Blair analyst Brian Drab saw enough positive in the report to upgrade his rating on 3D Systems stock from underperform (which usually equates to "sell" in Wall Street lingo) to market perform (or "hold"). What management had to say Here's part of what CEO Jeffrey Graves said in the earnings release: While the challenges of the pandemic persist, we were pleased to deliver strong sequential quarterly growth in [our combined] healthcare and industrial businesses of approximately 20%, as markets incrementally opened around the world.
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3D Systems (NYSE: DDD) reported third-quarter 2020 results after the market close on Thursday, Nov. 5. Revenue $135.1 million $155.3 million (13%) GAAP operating income ($67.6 million) ($11.9 million) Loss widened 468% Adjusted operating income -- ($300,000) N/A GAAP net income ($72.9 million) ($16.8 million) Loss widened 334% Adjusted net income ($4.1 million) ($4.5 million) Loss narrowed 9% GAAP earnings per share (EPS) ($0.61) ($0.15) Loss widened 307% Adjusted EPS ($0.03) ($0.04) Loss narrowed 25% Data source: 3D Systems. Healthcare $59.8 million 6.1% Industrial $75.3 million (24%) Total $135.1 million (13%) Data source: 3D Systems.
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3D Systems (NYSE: DDD) reported third-quarter 2020 results after the market close on Thursday, Nov. 5. Revenue $135.1 million $155.3 million (13%) GAAP operating income ($67.6 million) ($11.9 million) Loss widened 468% Adjusted operating income -- ($300,000) N/A GAAP net income ($72.9 million) ($16.8 million) Loss widened 334% Adjusted net income ($4.1 million) ($4.5 million) Loss narrowed 9% GAAP earnings per share (EPS) ($0.61) ($0.15) Loss widened 307% Adjusted EPS ($0.03) ($0.04) Loss narrowed 25% Data source: 3D Systems. Healthcare $59.8 million 6.1% Industrial $75.3 million (24%) Total $135.1 million (13%) Data source: 3D Systems.
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3D Systems (NYSE: DDD) reported third-quarter 2020 results after the market close on Thursday, Nov. 5. Wall Street was looking for an adjusted loss per share of $0.08 on revenue of $114 million. Healthcare $59.8 million 6.1% Industrial $75.3 million (24%) Total $135.1 million (13%) Data source: 3D Systems.
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ea919639-d688-4ff0-a528-7aba99efa9aa
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716712.0
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2020-11-10 00:00:00 UTC
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Why 3D Systems Stock Jumped Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-jumped-today-2020-11-10
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nan
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What happened
Shares of the technology stock 3D Systems Corp. (NYSE: DDD) popped today after the company's stock received an upgrade from underperform to market perform by William Blair analyst Brian Drab.
3D Systems' stock jumped by as much as 12.7% today and was up by 6.5% as of 2:52 p.m. EST.
So what
Drab noted that 3D Systems' business is recovering well right now and the company's new management is moving in the right direction with its cost-cutting measures. Drab also said that he thinks the company will return to profitability next year.
Image source: Getty Images.
Ironically, the company's stock fell about 17% just two weeks ago when investors had a knee-jerk reaction to another investor note that Drab published, which questioned why 3D Systems' stock had rallied so strongly in October.
Clearly, investors are overreacting to both positive and negative sentiment coming from analysts. 3D Systems' stock has been very volatile this year, and even with today's gains the stock is still down 16.3% year to date.
Now what
In the company's third quarter, reported on Nov. 5, 3D Systems' revenue fell 13% year over year and its net loss widened from a loss of $16.8 million in the year-ago quarter to a loss of $72.9 million. While 3D Systems is trying to improve its balance sheet by divesting non-core assets and selling some of its software businesses, investors should still proceed cautiously with this company until it can prove that it's turning its business around.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2020
Chris Neiger has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of the technology stock 3D Systems Corp. (NYSE: DDD) popped today after the company's stock received an upgrade from underperform to market perform by William Blair analyst Brian Drab. So what Drab noted that 3D Systems' business is recovering well right now and the company's new management is moving in the right direction with its cost-cutting measures. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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What happened Shares of the technology stock 3D Systems Corp. (NYSE: DDD) popped today after the company's stock received an upgrade from underperform to market perform by William Blair analyst Brian Drab. So what Drab noted that 3D Systems' business is recovering well right now and the company's new management is moving in the right direction with its cost-cutting measures. Now what In the company's third quarter, reported on Nov. 5, 3D Systems' revenue fell 13% year over year and its net loss widened from a loss of $16.8 million in the year-ago quarter to a loss of $72.9 million.
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What happened Shares of the technology stock 3D Systems Corp. (NYSE: DDD) popped today after the company's stock received an upgrade from underperform to market perform by William Blair analyst Brian Drab. Ironically, the company's stock fell about 17% just two weeks ago when investors had a knee-jerk reaction to another investor note that Drab published, which questioned why 3D Systems' stock had rallied so strongly in October. 3D Systems' stock has been very volatile this year, and even with today's gains the stock is still down 16.3% year to date.
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What happened Shares of the technology stock 3D Systems Corp. (NYSE: DDD) popped today after the company's stock received an upgrade from underperform to market perform by William Blair analyst Brian Drab. 3D Systems' stock has been very volatile this year, and even with today's gains the stock is still down 16.3% year to date. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them!
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2020-11-06 00:00:00 UTC
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3D Systems Corp (DDD) Q3 2020 Earnings Call Transcript
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https://www.nasdaq.com/articles/3d-systems-corp-ddd-q3-2020-earnings-call-transcript-2020-11-06
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Image source: The Motley Fool.
3D Systems Corp (NYSE: DDD)
Q3 2020 Earnings Call
Nov 6, 2020, 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Greetings and welcome to the 3D Systems Third Quarter 2020 Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Melanie Solomon, Investor Relations for 3D systems. Thank you. You may begin.
Melanie Solomon -- Investor Relations
Thanks Jessie. Good afternoon, and welcome to 3D Systems conference call. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Jagtar Narula, Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer. The webcast portion of this call contains a slide presentation that we will refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website. For those who have access to streaming portion of the webcast, please be aware that there may be a few seconds delay and that you will not be able to post questions via the web.
The following discussion and responses to your questions reflect management's views as of today only and will include forward-looking statements as described on this slide. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and our filings with the SEC, including our most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our Investor Relations website, you will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures. Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2019.
Now, I am pleased to turn the call over to Jeff Graves, our CEO. Jeff?
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Melanie. Let me start by saying thank you all for joining our call this morning. I hope everyone is bearing up well and staying healthy in these stressful times. While the challenges of COVID virus continue, I'm very proud of our employees for balancing so well their needs and those of their families with the commitments we've made to our customers. As businesses become more efficient in dealing with the effects of the COVID-19 pandemic and as the economies around the world begin to open, we're pleased to see rising demand across the markets we serve. We're hopeful that these trends continue as we move through our fourth quarter and that this momentum is sustained in the New Year. On our last call, which was my first as joining the company in late May, we talked about the importance of clarifying our strategic purpose and how we drive our actions moving forward.
As a reminder, our 3D Systems' Purpose Statement is as follows: We are the leaders in enabling additive manufacturing solutions for applications in growing markets that demand high reliability products. We developed this Purpose Statement to provide the strategic focus needed in order to simplify our operations to improve our operating efficiencies while prioritizing our investments to deliver greater value to our customers. These actions will lead to improved profitability in the short term while enhancing growth and margin expansion in the future. Having defined our Purpose Statement, we moved rapidly forward in our transformation journey, which can be described very simply in four phases of activity: reorganize, restructure, divest and invest.
We're moving forward on each phase with parallel efforts and I'd like now to update you on our progress with each. Let's begin with reorganization. As we briefly touched on last quarter, one of our first actions was to reorganize the company to focus on two key market verticals, healthcare and industrial. Within healthcare, our primary focus is on dental applications, medical devices, medical simulation and virtual surgical planning. Industrials include aerospace, defense, automotive and durable goods applications. These growth markets all place a premium on performance and reliability for key components; have engineering and technology cultures that seek innovation as a way to deliver value to their customers and processes that tend to be highly controlled or regulated.
As our company has an established strong foundation in these markets, our goal in this reorganization is to focus our full efforts on acceleration of our customers' adoption of additive manufacturing for specific application solutions within their new product offerings. With our exceptional technology portfolio that encompasses hardware, software and materials our application engineers are uniquely positioned with tools and expertise needed to support our customers in their adoption of additive manufacturing while our global service team supports their ongoing needs in the field. It's a unique and winning combination that we believe will enable exciting growth and profitability in the years ahead. As validation of our capability to deliver this value you need to look no further than our current success.
Today our technologies are delivering over 0.5 million production components for our customers each day, translating to over 180 million components on an annual basis, a number that dwarfs all other competitors in this industry. It's this foundation that we will build upon moving forward with an intense focus on our customer success and adopting this exciting manufacturing technology on a much greater scale each year. With the appointment of our two business unit leaders this quarter along with our new Chief Financial Officer, Jagtar Narula who I'm very pleased to welcome to our call today, our management team is complete and we are fully focused on executing our game plan. Having described our reorganization let me now update you on our restructuring efforts, which we introduced in our lastearnings call
Our expectation is that we will deliver $100 million of cost savings on a run rate basis by the end of 2021. We also stated that $60 million of the savings would be achieved by the end of 2020. I'm pleased to tell you that we're on track to deliver to our plan. Actions being taken include a combination of restructuring our workforce, consolidating real estate and facilities and optimizing non-employee spend. In executing these plans, our leadership team created a set of operating principles to guide their efforts, which included a high level prioritizing employee safety and ethics each day, working as one team, always acting with the customer's success in mind, being bold and decisive in our decision making and focusing on quality in all aspects of our business. These operating principles help ensure that we're moving forward rapidly through our restructuring efforts, while ensuring the long-term success of our customers, partners and employees.
With a focus embodied in our Purpose Statement in parallel to the reorganization and restructuring efforts we were able to identify certain assets that were no longer core to the company and begin the process of divestiture. As a result of these efforts earlier this week, I was pleased to announce the sale of our Cimatron and GibbsCAM software businesses for $65 million. These businesses were focused on subtractive technologies rather than the additive manufacturing and while highly valuable to their customers was not ode [Phonetic] to our future additive manufacturing business. The proceeds from this sale will further strengthen our balance sheet, leaving us in a net cash position and will be used in the completion of our restructuring efforts and for investment in future growth initiatives. We expect to continue divestiture efforts over the next several quarters.
Jagtar will comment further on our plans for the balance sheet and specifically around our plans for the ATM equity program in a few moments. I'll reliantly add that with the prospect of further divestitures of non-core assets in the next few quarters, we'll be evaluating in parallel investment opportunities to enhance growth and profitability of our core businesses. As with our divestiture actions any investments we make will follow a rigorous and disciplined process with an unwavering goal of creating shareholder value in this increasingly exciting industry. We'll keep you updated on our plans and progress in future earnings calls.
With that, I'd like to end my opening comments with examples of how our focus and expertise is bringing value to our customers and delivering exciting new growth opportunities for the company. As many of you know the pandemic has changed the operating environment for organizations around the world. And there is a keen interest in the application of additive manufacturing to create a more flexible and versatile supply chain. In healthcare, this is especially true for hospitals as illustrated in our recent experience with the Veterans Health Administration. The VA is the country's largest integrated healthcare system providing healthcare to 1,255 facilities for over 9 million veterans each year.
Earlier this month, we were extremely proud to be awarded a multi-million dollar contract to help the VA establish an additive manufacturing production capability for medical devices.As a part of this program 3D Systems will establish the required workflows, medical grade quality systems, and regulatory approvals, deploy our additive manufacturing printers, and then fully train and staff the operations. This turnkey capability will be operational by the end of 2021, after which the VA can independently produce medical devices for their own in-network use. The pilot application is COVID nasal swabs, which we're enabling with our SLS platform in medical grade nylon powder, which will be followed by several other medical device applications. The experience gained with VA and other early adopters positions us well to support other hospital systems in the future.
While we enjoy the business opportunities we see ahead the best part of this is the fact that we get to support the wonderful mission of the VA and the critical support it provides to our veterans, all while allowing what our team at 3D Systems does best. Next, let's turn to technology; enabling our applications' progress in both of our business units and our continuing technological breakthroughs in hardware, software and material systems. As an example, a year ago, we announced a new $15 million program sponsored by the U.S. Army to create the world's largest, fastest, most precise metal printer.
This groundbreaking nine-laser system, which builds upon our newly expanded DMP family of printers, we'll be able to manufacture aerospace quality, one meter by one meter by 600 millimeter components using a broad range of high temperature and light-weight aerospace alloys for a range of advanced flight and ground vehicle applications. In spite of the challenges of COVID this past year, we've made substantial progress in the program, successfully completing our first test print in late October. We'll be sharing more updates on this program and the exciting applications that are enabled by it in the near future.
With that, let me turn the call over to Jagtar who will now describe our results for the third quarter and our current market outlook. Jagtar?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Thanks, Jeff. Good morning, everyone. For the third quarter, we reported revenue of $135.1 million, a decrease of 13% compared to the third quarter of 2019 and an increase of 21% compared to the second quarter of this year as we saw a rebound in customer activity from the worst of the pandemic-related shut down. We reported a loss of $0.61 per share in the third quarter compared to a loss of $0.15 in the third quarter of 2019. Included in the third quarter 2020 net loss was a $48.3 million pre-tax non-cash goodwill impairment charge. This impairment charge was identified in connection with the interim goodwill impairment test that was necessitated by certain triggering events associated with the decline of the company's share price ultimately due to the impact of the business and economic environment from the COVID-19 pandemic.
The impairment charge will not result in any cash expenditures and will not affect the company's cash position, liquidity, availability or covenant test under our senior secured term loan facility and our senior secured revolving credit facility. Turning to non-GAAP results, we reported a non-GAAP loss of $0.03 per share in the third quarter of 2020 compared to $0.04 per share in the third quarter of 2019. Consistent with our new strategic focus announced last quarter, we are now discussing revenue by market, healthcare and industrial. Revenue from healthcare increased 6.1% year-over-year to $59.8 million, driven by stronger sales in the dental market following closures in the first half of the year related to the pandemic.
Industrial sales decreased 23.8% year-over-year to $75.3 million, with decreases in all products, materials and services across all geographies, due primarily to the pandemic and associated reduced level of customer activity. On a sequential quarter-over-quarter basis, we saw strong revenue improvement of approximately 20% in both of our vertical businesses. Now, we turn to gross margin; we reported gross profit margin of 43.4% in the third quarter of 2020 compared to 43.3% in the third quarter of 2019. Our gross margins were impacted due to lower absorption of overhead cost of the lower volume in Q3 2020 versus the third quarter of 2019 offset by our initial cost reduction activities. Many of the restructuring actions we are taking will further help strengthen our gross profit margins over the coming quarters.
Operating expenses for the quarter were $126.2 million on a GAAP basis, an increase of 59.4% compared to the third quarter of 2019, including a 1.4% increase in SG&A expenses and a 9.9% decrease in R&D expenses. Also included in operating expenses is the goodwill impairment charge that I mentioned previously. Excluding this goodwill impairment charge, operating expenses for the quarter decreased 1.6% or $1.3 million to $77.9 million compared to $79.2 million for the third quarter of 2019. Importantly, our non-GAAP operating expenses in the third quarter were $58.8 million, a 15.2% decrease from the third quarter of the prior year.
The primary differences between GAAP and non-GAAP operating expenses is the exclusion of the aforementioned goodwill impairment, $11.9 million in restructuring charges as well as amortization of intangibles and stock-based compensation consistent with our historical GAAP to non-GAAP adjustments. Now, let's turn to the cash flow statement and balance sheet; we ended the quarter with $75.3 million of cash and cash equivalents. Cash on hand has decreased $58 million since the beginning of the year. We used $26.5 million for debt repayments, $32.6 million for operations, which includes nearly $24 million used for inventories, $12.5 million for one-time payments made in the first quarter of 2020 to purchase non-controlling interest, and $11 million for capital expenditures partially offset by proceeds of $25 million from the issuance of common stock.
Our term loan is now $22 million. So, our net cash position at quarter end was $54 million. We have a $100 million revolver that was undrawn as of September 30, 2020 and has $31 million of availability based on terms of the agreement. Let me make a quick comment on inventories. We have seen the cash used in inventories go up nearly $24 million so far this year. As the market rapidly turned down in the first half of the year due to the pandemic, we were unable to slow down our inventory additions fast enough due to committed lead times with our contract manufacturers and suppliers. With these adjustments now made, our sales now strengthening and a strong focus on sales forecasting, we expect inventory improvements as we exit the year.
Finally, let me end my remarks with a comment on our at-the-market equity program called our ATM program, which we announced last quarter. At the time, with COVID ranging and the economic impact highly uncertain, we believe the ATM program was a necessary risk abatement needed to ensure support for our restructuring initiatives and to provide financial flexibility during highly uncertain times. Under this program, in the third quarter we issued $25 million of common stock leaving a $125 million still available to us on the program, if needed. However, with the improved business environment, progress in our restructuring efforts and the cash generated from the Q3 stock sales we do not anticipate additional sales under the ATM program in Q4.
Furthermore, as we announced earlier this week, we have signed an agreement to divest our Cimatron and GibbsCAM software businesses and our expectations are that this deal will close in Q4. We announced a $65 million purchase price and expect price adjustments of approximately $5 million for liabilities that we are transferring to buyer. In addition, we expect about $10 million to $15 million of taxes, primarily for distributions of cash between our foreign entities and the parent that is built up over time. The final net cash number will be around $45 million to $50 million. This transaction will leave us in a net cash position on our balance sheet. Therefore following the closure of the sale of Cimatron and GibbsCAM and the receipt of proceeds therefrom we plan to evaluate the continued need for the ATM program and may very well elect to terminate it altogether.
With that, I'll turn the call back now to Jeff. Jeff?
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Jagtar. So to summarize, I'm very pleased with the progress we're making on our transformation and the strategic realignment of our company. Our reorganization is complete. Our leadership team of seasoned professionals is in place. Our restructuring efforts continue and we're on track to deliver $60 million in run rate cost savings by the end of 2020. We continue to see demand returning as the economy opens up from the effects of the pandemic. As a result, while the risk related to COVID will continue for some time, we anticipate continued strengthening of the business moving forward. I want to thank our employees, customers and stakeholders for their loyalty and dedication during these challenging times. With continued focus and strong execution, we look forward to emerging from this period stronger than ever and excited about a very bright future ahead.
And with that, we'll now open the floor for questions. Operator?
Questions and Answers:
Operator
Thank you. [Operator Instructions] Our first question comes from the line of Greg Palm with Craig-Hallum. Please proceed with your question.
Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst
Great, thanks. Good morning, everyone. I guess just kind of starting with the quarter, obviously, exceeded a lot of our expectations but Materials segment specifically bounced back really hard, I mean, almost to pre-COVID levels, which surprises us given I think many of your customers are still kind of gradually ramping back operation. So what drove the sizable increase relative to Q2?
Jeffrey A. Graves -- Chief Executive Officer and President
Greg, I think it's pretty straightforward. I think that customers reacted pretty promptly when the COVID shutdown occurred a few quarters ago, depleted inventories and now as their production ramps up they need to bring in materials. So, I mean clearly the supply chain was heavily depleted and there was a nice bounce back. You had the opening of some entire industries that shut down like dentistry. So we were pleased with the rebound. It was nice and strong and we would expect to see our customers increasingly use the assets they purchased previously to make parts. So we were pleased with that.
Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst
Yeah. Okay, good. And I guess in a normal year, usually you'd see a seasonal bump in revenue and I'm talking across the company in Q4 from Q3. I mean, taking out the impact of the expected divestiture. I mean, I know really this year is anything but normal, but do you still see ongoing improvement in the top line? What are you seeing thus far in October?
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah, Greg, I hope this is the most abnormal year I've ever experienced. I would assume, Greg, that the normal seasonality will still occur -- will still be in place but the opening and the ratcheting back in different parts of the world, it just makes us so darn unpredictable. I can tell you broadly, we continue to see strengthening in the markets. The logistics companies have really adapted incredibly to this COVID environment in terms of being creative on logistics and supply chain. So while that was a huge impact as the economy shut down initially as they go through some fits and starts with shutdowns around the world they're much, much better at dealing with logistical issues and getting product in. So as long as their demand remains and they continue to desire to ramp up production, we continue to see strengthening. And I would expect that some seasonality patterns that you've historically observed to continue, it's just such a -- it's such a bizarre year this year with COVID. So I don't know if it will amplify it or dampen it based on history. But I am pleased to see that that world continues to get incrementally better. That's the best I can tell you.
Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst
No. Okay, that's helpful. And I know, given that level of revenue, if we assume sequential strength in December versus September. I'm assuming that puts you at a level that was probably higher than what you were expecting last quarter when you talked about being net income or adjusted net income profitable exiting the year. So on top of that new level of revenue and given what we know about the progress of the restructuring, I mean, do you expect to report profitability in Q4 then?
Jeffrey A. Graves -- Chief Executive Officer and President
Well, we're not going to provide guidance, Greg, because of the volatility in the market. That's the way that -- directionally that's the way the math would go, but I would just be really cautious about predicting what happens with COVID. It's just such a doggone wildcard. I can tell you demand continues to rise. If we're able to ship, you would expect volumes to rise. So with that, that's the direction the math works. But again, I just don't believe we're in a position to really comment on quarter-by-quarter how this goes as the pandemic continues to rage.
Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst
Yeah. No worries. Understood. All right, I'll hop back in queue, thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Greg.
Operator
Thank you. Our next question comes from the line of Ananda Baruah with Loop Capital Markets. Please proceed with your question.
Ananda Baruah -- Loop Capital Markets -- Analyst
Hi, good morning guys. Thanks for taking the questions. And yeah, congrats on the progress, no doubt. Just a couple for me. Jeff, are you able aside from dentistry able to get visibility to sort of which end markets may be improving more quickly than other end markets, both from a hardware and supplies perspective?
Jeffrey A. Graves -- Chief Executive Officer and President
Ananda, there is a lot of variability, but what I was really pleased about, dentistry obviously at the peak of the of the pandemic shutdown, it had really ground to a halt. I'm sure everybody knows when they go to a dentist, you just couldn't go see anybody. So now that's holding back up. That's great. But what I'm particularly pleased about is the rest of the healthcare market now portions of that were shut down as well. There were orthopedic areas and things that were viewed as non-essential operation. So people postponed those.
But I mean, we saw a broad strengthening in the healthcare markets across virtually all of our customer base and we were really pleased. You might have anticipated the dentistry thing -- there is a lot of pent up demand. But I would say it was a nice broad resurgence in healthcare and the fact that we got the actual year-over-year growth. I mean, not only sequential quarterly growth, which we were thrilled about, but year-over-year growth of 6% to7% was fabulous. In this environment we're very pleased with that. And I think it harkens well toward our real focus on healthcare for the future. It's a great market to be in.
Ananda Baruah -- Loop Capital Markets -- Analyst
What's the state of the industrial markets right now? It sounds like maybe that's not contributing as much so that that's still something to come? Is that?
Jeffrey A. Graves -- Chief Executive Officer and President
Well, on a percentage basis as I think we mentioned [Indecipherable] both healthcare and industrial rose sequentially about 20%, little over 20% in both of them but industrial is starting from a much lower base. Industrial is still down year-over-year. And it's great to see the resurgence. It's just got a long way to go and you can view it as cup half, full or empty. I mean, it's got a long way to go, which is depressing. It went down a long way, but it's got a lot more headroom moving forward as well and obviously healthcare is strong. So, I love the markets we play in. I mean, we're well-positioned with key customers in both. And I am bullish on both of them right now.
Ananda Baruah -- Loop Capital Markets -- Analyst
Okay, great. And then just with regards to the divestitures, is there any way anecdotally you can help us think about kind of the context of what the opportunity might be? The company did tens of acquisitions, sort of, I call it -- it feels like a handful, but a number of years ago. Is there -- they're sort of in various stages of integration. Any help you can give us there to think about not what you will do, but what the opportunity set may be that you guys will be exploring?
Jeffrey A. Graves -- Chief Executive Officer and President
Ananda this is very -- it's very hard to provide much more color on that. I can tell you, there was -- once we said publicly that we were really focused on additive manufacturing, there were a lot of, a lot of inbound interest on a number of these assets. Well, it nicely -- it put us in a position to sit back and say, number one, we want to run good processes, make sure our shareholders get good value out of anything we do divest, which you really want to be thoughtful about. They were accumulated for a reason.
You want to be very thoughtful about where you divest. So I'm really not in a position to comment on specific expectations plus valuations will depend on what buyer see about the future of the business and any synergies they bring. So it's just hard and I apologize for that. I know it's probably frustrating to try to bound but we just want to be very thoughtful about it nicely now with this first one, which was probably the most obvious one because it was heavily focused on subtractive technology. We're increasingly in a position where we can be very thoughtful and make sure we make a decision what we'll divest and then how we go about doing it.
Ananda Baruah -- Loop Capital Markets -- Analyst
Listen, any context is helpful. So, that is helpful. I have a quick follow-up there, same question. For sort of the opportunity set for your evaluations Jeff. Are there any assets for which you say for the right price, we do it? I mean I get the depth, the answer is always yes. But I mean, really what I'm saying is, is it mostly halo and this just doesn't fit and so we want to kind of divest it because worst case it's a distraction, right or some of these are kind of gray area and for the right price we take the gray, we sell the gray areas stuff?
Jeffrey A. Graves -- Chief Executive Officer and President
No. I would say just qualitatively, there is not much that's in a gray area. There's stuff that we look at and say look, in a long term, I'm not sure that fits with where we're going and bear in mind Ananda. These are fine businesses. They really are very fine businesses. They're just focused outside of our core and for that reason, we think there may be better owners out there and we want to drive to get the right value for them. Of course, but strategically, they really should be owned by a company that will continue to invest for growth in that business, but they are all fine businesses, they're very good. There is not much that's really that gray.
The grayness has crept up just a little bit because some of these groups of folks can do multiple activities and over time, they have grown to focus more on the core business, but there are still elements that are non-core. So as you might imagine separating the non-core stuff when that's happened is tricky and because obviously a buyer wants to get the right value as well. And so, we just want to be thoughtful about how we separate those and grab them. But there is not a lot of gray. Our Purpose Statement is very specific -- additive manufacturing focused around specific applications. That's what we're going to continue being, it's our heritage and it's what we can be we believe best-in-class at. So things that are outside that perimeter we are over-time going to look at divesting.
Ananda Baruah -- Loop Capital Markets -- Analyst
That's really helpful. Thanks so much.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks Ananda.
Operator
Thank you. Our next question comes from the line of Sarkis Sherbetchyan with B. Riley, FBR. Please proceed with your question.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Good morning, Jeff and Jagtar. Thanks for taking my question here. So just wanted to kind of follow up on the last line of questioning. If we kind of look at the other parts of the business that could be divested, right, because they no longer fit the strategic direction you're going in. I guess from a very high level, like what's the magnitude of sales and potentially associated P&L expenses that could come out of 3D Systems' P&L assuming all said and done?
Jeffrey A. Graves -- Chief Executive Officer and President
Well, I'm sure the answer will frustrate you but its highly dependent on which businesses or which parts of businesses that we end up divesting. So it's kind of, it's very similar to Ananda's question before you. It's just really difficult for us to give you a target of either size or timing. And my apologies for that. But we just want to be very thoughtful about what we separate from the company and divest and we're just not in a position today to guide you on either what those are, or the impacts coming from them. So it's the best we can do to just find the direction we're going.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Okay, no worries. I guess if we can maybe focus on the Cimatron and GibbsCAM software business for a second. Maybe if you can disclose what the financial profile of those businesses were, right? And then also maybe talk about the multiples received for those businesses?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Sure. So the Cimatron and GibbsCAM revenue is around $35 million to $40 million. It's been declining high single-digit to low double-digit rates annually. The direct costs associated with the business that we'll be transferring to the buyer are around $20 million to $25 million. There is also some small level of corporate overhead type costs that we'll look to evaluate, but it's largely not material. So you can think of it as the $35 million to $40 million revenue declining $20 million to $25 million of cost.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
And is the $20 million to $25 million in cost out contemplated in the run rate savings that you guys have communicated to achieve in the next 18 months?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
No, that's not contemplated in that.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Thank you for that. And I guess just kind of moving on; Jeff, you mentioned sales improving and some expected continued strength. Maybe what's kind of the more specific tangible drivers to support this comment? I know it's a difficult environment but just anything that we can kind of [Indecipherable] head-on and take going forward?
Jeffrey A. Graves -- Chief Executive Officer and President
No, it's interesting. If you look at the markets that we've participated in pre-kind of pre-COVID. Those are strengthening broadly. So in healthcare, you'd say its medical devices, broadly dentistry has certainly returned to growth. That's a nice business for us. And the virtual surgical planning is more popular than ever frankly, I mean as a surgeons get back to business and they're taking care of patients. So we love those businesses, they're growing. The new facet in the healthcare business is the one we released a press release on here yesterday morning, I believe around the VA. And I think you can look at that as an example of how folks are rethinking their supply chains and particularly hospital systems that were really caught short when COVID hit us as everyone knows on PPE and respirators and a number of critical areas.
And as we move forward down, react to that. They are looking at how do they create a more responsive supply chain and especially to fill short-term needs for critical patient care. And VA has moved out aggressively in that direction and we're thrilled with it where they've hired us now to basically put in a turnkey production-capable system in a number of their hospitals to provide medical devices on a short-term basis. And it will give them much more flexibility and short-term capacity to address medical device needs. That's a brand new market. That's a new one and we think we're very well-positioned to do that with our range of printer hardware, FDA-approved materials and software systems that are very well adapted to the environment and our knowledge of the quality systems that are required.
So, I love our traditional markets in healthcare, they're growing again. The extension now to supply chains and hospital systems. Great opportunity there I think to drive further growth, incremental growth. On the Industrials side, I think you'll see the same basic responses. There is the traditional demands for -- certainly for ground transportation put it that way, cars and new electric vehicles and things like that. So those companies will all be looking to increase sales and clearly they were severely impacted by supply chains that had largely moved around the world to low cost countries that were extremely hampered during the COVID period. So you see the resurgence of sales so overall demand.
And then you see on top of it, a move for more flexible supply chains. So I look at some of those and say those could become very exciting markets for us. Aerospace, clearly, commercial aerospace is in the doldrums right now because of the COVID impact. Hopefully that will rebound over the next couple of years and that's always an early adopter, if you will, of these new manufacturing techniques. So I've kind of covered the waterfront for you there, but I am sincere about each one of them. I think you've got historical demand and trends and on top of it you've got this need for a more flexible localized supply chain to make up for disruptions around the world. So that means and it's true for our entire industry. I think it's -- you're going to come into a nice period here where there is rising demand.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
That is certainly helpful. Yeah, yeah, one more for me and I'll hop back in the queue. You mentioned as you're going through the divestiture process you're kind of also looking to enhance investments in growth. I just wanted to get your sense for looking at your portfolio position. Are there any opportunities either in materials or maybe new processes to kind of build or buy? And what I'm getting to is, it sounds like the fiber or composite markets is also pretty interesting from an additive perspective. Are you considering any investments in that direction? Do you have anything in your portfolio that can help bridge the gap? I just want to kind of understand the opportunities out there?
Jeffrey A. Graves -- Chief Executive Officer and President
Yes. So I would say, to answer the last part first. Yes, we have probably the broadest range in the industry of hardware, software and material systems and we're very proud of that. We can bring application solutions to our customers, I think better and faster than anybody in the world and that's what we're going to really focus on going forward. Now, to keep that stream going, we have to make key investments in technology, whether it's organic or inorganic, we really need to. So we're constantly evaluating and talk a lot about our material systems. We have great hardware systems and we continue to launch new hardware platforms. Materials, all of our customers actually use and turn into components.
So we want to make sure we stay really fresh on and at the leading edge of the range of materials we can put through our platforms. We have a great team in place, particularly in the polymer side to leverage the technology and grow. So those areas for investment are really ripe and we'll continue to put money in those areas. Periodically, we will launch new platform, new hardware platforms to stay current on those and that's really around speed and efficiency. And in the case of Aerospace, enhanced high temperature capability, multi-materials capability, things like that.
And then on the software side, we have a great suite of software around both our plastics and metals capability, which allows customers to not only print with high-precision but faster and faster each day. And that really comes together through our centers of excellence and our application engineers who we're very, very focused on because those are the guys that bring it home for customers and define workflows that customers can use. So I think for it to be competitive in this industry, you need to have all three capabilities, hardware, software materials and the better you bring that together in applications, the more successful you're going to be in the industry.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Thanks. I'll hop back in the queue.
Operator
Thank you. [Operator Instructions] Our next question comes from the line of Brian Drab with William Blair. Please proceed with your question.
Brian Drab -- William Blair -- Analyst
Thanks for taking my questions. Cimatron, that was a software business that was running over 80% gross margin before it was acquired by 3D. Is that the kind of level of gross margin that that business was running at? Can you talk about that?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yeah. Of the end of $20 million to $25 million of cost that I mentioned associated with that business, I'd say about 10% of that -- 10% to 15% hit the cost of goods sold line.
Brian Drab -- William Blair -- Analyst
Okay. And then, do you feel of the -- there are I think 52 acquisitions that were made in that 2009-2015 period. Is Cimatron the -- as you look through that list is that the largest one that you -- when you think of the ones that you can divest, is this probably the biggest one that you're able to do or are there other big fish in the pile?
Jeffrey A. Graves -- Chief Executive Officer and President
Oh, no, there are other assets that we could potentially divest. It could be larger. You just want to kind of work your way through. There was a lot of inbound demand obviously on the Cimatron assets. They were excellent assets. Again, they were focused out of our core. They were focused largely on subtractive technologies, but they were -- they sell under our ownership. We weren't going to invest in that direction. So it was a declining business for us. But excellent assets for someone else and I think the owner can be very proud of it, and we'll see a great future there. We did retain portions of that team that were involved in, in additive manufacturing, especially the software for additive, a really talented group of people that we did retain for work on additive manufacturing, which made it a complex divestiture. But it was nice to have the inbound interest and we worked really hard to get that done because it strengthened our balance sheet and allowed us much more flexibility moving forward. It's not by any means the largest asset we could divest. But we will consider each one in its own right and what the timing and process we want to follow is. So if that's helpful to you. But again, I think it was a win-win, the divestiture and it certainly frees up resources for us to invest in our core.
Brian Drab -- William Blair -- Analyst
Yeah. Very helpful, thanks very much.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks.
Operator
Thank you. Our next question comes from Jim Ricchiuti with Needham & Company. Please proceed with your question.
Jim Ricchiuti -- Needham & Company -- Analyst
Hi, good morning. I just realized you're not in a position really to talk a whole lot about the topline in Q4 just given all the moving parts. I'm just wondering if you can give any help to us in terms of how we might think about non-GAAP operating expense, particularly, we don't know the timing of Cimatron but any help you can give?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yeah, sure. So regarding the timing of Cimatron closing, we expect that to happen in Q4. But we think it'll be later in Q4. So I think it will be a smaller impact to kind of changes in our opex number. Regarding how I think about opex, right, so we're going through this restructuring program. I'd say we've got half the cost out now. We want to exit the year with a $60 million cost savings run rate that will tell you that we got to get the other half of that $60 million out in Q4. Think about the opex line, I'd say about 70% of that $60 million savings hits the opex line. So if you think about, we're halfway done, you get the other half in Q4 ramping to that $60 million, 70% of it hits opex. I think that gives you some perspective of what we'd expect the opex number to be.
Jim Ricchiuti -- Needham & Company -- Analyst
And then just with respect to the sequential improvement you saw on the product revenue line, any colors [Technical Issues]?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Sorry, you're breaking up a little bit. I think you're asking about the sequential?
Jim Ricchiuti -- Needham & Company -- Analyst
Improved revenue in the product side and what I'm trying to get to is any particular areas within the product portfolio where you're seeing some improved demand?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
I mean I would say it was pretty broad-based. So within our product line we saw in materials, we saw it in printers and we saw it in software, so it was across the board. Within our printer category we saw in both plastics and metals. So it was a pretty broad-based recovery on the revenue side.
Jim Ricchiuti -- Needham & Company -- Analyst
Thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Jim.
Operator
Thank you. Our next question will come from Paul Coster with J.P. Morgan. Please proceed with your question.
Paul Coster -- J.P. Morgan -- Analyst
Yeah, thanks. Jagtar, I'm trying to get to a decent EBITDA number. And I'm just wondering with the writedowns, what happens to D&A moving forward? Perhaps you can kind of give us some sense of what the run rate is now?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yeah, so our depreciation run rate has been about $25 million. I think it will reduce a few million dollars but yeah, it will move a little bit, but it won't be significantly different.
Paul Coster -- J.P. Morgan -- Analyst
Okay. And do you expect any sort of restructuring charges in the fourth quarter, cash non-cash?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yeah, we do. So we're expecting about $9 million of restructuring charges. $6 million of that we're expecting on the cash side, another $3 million non-cash.
Paul Coster -- J.P. Morgan -- Analyst
Okay. And then I assume that the Cimatron business was in the Industrial segment or well, which was it?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yeah, that was in the Industrial segment.
Paul Coster -- J.P. Morgan -- Analyst
Okay. And that obviously given subject to closing probably doesn't start to impact the revenues until the beginning of '21?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
That's a fair assumption. We're expecting it, call it mid-December close.
Paul Coster -- J.P. Morgan -- Analyst
Were there any synergies between Cimatron software and product, raw material sales?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Not that I'm aware of.
Jeffrey A. Graves -- Chief Executive Officer and President
No, it was a completely different customer base, Paul. So not really -- as I mentioned, we did keep a small number of software design engineers that were working on software for our additive system. So whatever synergy we had with owning the business we kept those resources in with our parent company and what the buyer was really [Indecipherable] were the subtractive resources.
Paul Coster -- J.P. Morgan -- Analyst
Got you. And Jeff, I want to go back to your opening statement, I may have misheard. But I think you said something about 0.5 million objects being created every day using 3D printers. So I don't know if it's you're printers or all printers or whatever. But perhaps you can just elaborate on that? But the main question is, are the objects getting bigger or are they getting smaller? In other words, I'm sort of trying to understand what the implication is in terms of material quantity?
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah, Paul, that's an interesting question on the size. Yeah, I know, you heard correctly. So our technology and my comment was around, specifically around 3D Systems technology. Our technology to the best of our estimation and I am trying to be somewhat conservative on the numbers not being aggressive, but its 0.5 million a day. We're making -- our technologies are being used to make 0.5 million components a day and that's not a stretch. I mean that's our printers, our materials, our software, that's not including any other, peripheral stretch application. Those are hard core components that are being made with our based technologies every day. Because I have to smile when I hear about numbers other people are excited about and the whole industry is growing, which is great.
When I look at our legacy and our installed base 0.5 million a day or 180 million components a year are made with our technology. So we're building up a tremendous base of experience, and that's what's also fueling our service team to keep the machines replenished and keep them running well and it's very successful. In terms of size, it's a really interesting question. We are learning and then our software is really targeted to this end product about how to pack components more densely in the machine, so you can increase the customer's efficiency. So, that's very helpful. Are they physically getting smaller? I would say it's really hard to say a trend.
There is a lot of small stuff being made, but while our newest machines that are our largest machines are making some really large components, especially on the industrial side of the business these days. And so if you look at our newest metal printers half a meter by half a meter size componentry and customers are actually making those size parts now with titanium and other material. So it really is exciting. I can't give you. I'll look at that. I can't give you really any more insight on the size of the parts being made. I can tell you the smallest stuff is being more densely packed in the printer which is helpful for efficiency.
Paul Coster -- J.P. Morgan -- Analyst
Appreciate it. Thank you very much.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Paul.
Operator
Thank you. Our next question comes from the line of Wamsi Mohan with Bank of America. Please proceed with your question.
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
Yes, thank you. Good morning. I was wondering if you can comment on the trajectory of gross margins, given all the puts and takes and particularly some of this inventory drawdown that you're talking about that should happen here in the fourth quarter? Can you give us some color on how we should think about this trajectory?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Sure. Let me start with gross margins. So with Q3 gross margins, if I look at the product line versus the services line product line was down year-over-year -- down slightly year-over-year. And that was driven by two effects, right, on the one hand we had lower volumes year-over-year. On the other hand, we had the cost restructuring actions. So those were sort of funding each other. We remained slightly down, but essentially flat. On the services line, we were up year-over-year. That was driven by improvements in our parts manufacturing business volumes as well as our field services business, lower labor costs and lower parts cost, which drove that improvement. Regarding inventories, we're at -- we ended the quarter at $127 million as I talked about in my prepared remarks, up $24 million this year. We've done a lot of actions to sort of improve the cadence between the sales forecasting teams and the supply chain teams to enhance flexibility in our supply chain. And so we're expecting by the end of the year inventory turns to be back to historical levels. So we'll draw down inventory to get back to where we've historically been.
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
Okay, thank you. And as a follow-up Jeff, as you think about this divestiture process do you have a rough timeline in mind to sort of completing all the divestitures that you view as non-core? Is this going to be something that we think is a two-quarter phenomenon or 2021 phenomenon or does it get stretched out longer depending on sort of what the appetite is from a buyer perspective?
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah, I would tell you not to not to think of it as a two-quarter phenomenon. I think kind of looking we're going to be continuing to evaluate work on things through '21 because there are a number of considerations. And these things all take time. You want to run disciplined processes. What drives to shorter time frames are just employee considerations and disruptions. We don't want to leave a lot of uncertainty internally and we do want to move them along. At the same time we want to run good processes for the things we do divest. So that all adds up to probably looking out through '21 and just looking at systematically and we'll keep you updated as we make decisions, and as we can obviously conclude things each time we'll keep you updated.
Just in reference to your first question on gross margins. One of the nice things about our focus and our reorganization and our focus is we're driving growth in markets that really value-additive manufacturing, meaning they get a lot of value out of it for their customers. And those tend to be markets that have a higher gross margin associated with them. They put a premium on the capability of the component. The quality of the component. The quality systems that you have for example in healthcare. Those tend to be higher gross margin businesses or markets. So broadly, Jagtar told you about the kind of the short-term comparisons and the puts and takes, quarter-by-quarter on gross margin.
I was actually pleased that we could hold gross margin relatively flat in a condition where we're still facing lower demand versus last year in the industrial space. We were able to get enough cost out of the business to hold gross margins at a good level. But moving forward over the future years, I love the businesses that we're in, because they generally carry a higher gross margin associated with them and as we have a built out service team, and it's becoming more sophisticated every day. As we look at leveraging that team that tends to bring higher gross margins as well. So it's a nice environment to be in. We're focused where the value is and I would hope that trend is one you'll see in future quarters.
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
So Jeff, just if I could follow up on that comment. I mean is there any consideration or any thinking around separating out the attach of materials to printers and allowing -- being more of an open-systems based approach as opposed to a closed systems based approach from a material perspective? I mean if I heard your gross margin comments, I mean it sounds like that wouldn't really change but just wanted to see if you had any thoughts on if the business model was going to have a bigger change in your mind?
Jeffrey A. Graves -- Chief Executive Officer and President
No, yeah, no, it's a great question and it's one that we and our competitors all take different positions on. We tend to be able to deliver a lot of value out of linking the materials and the printers together. So in many, many of our systems we can derive extra value by targeting tailored materials, by tailoring a material for a certain printer and application. And that's why we've taken this approach to being extremely applications focused. So the reason that we want to sell materials with printers is not only financially driven. We can deliver much more value that way to our customers. So if we ever get to a point where we say look, our material that we can offer through a printer is not special. It's the same as everybody else is material or commercially available, then we wouldn't link them together. But as long as we can deliver special value to customers that are worth something to them, if they really value and will pay for by tailoring materials to certain printers, it's a great outcome for our customers and it's a good economic outcome for us. So that's the kind of work that we're focused on, on doing more of going forward.
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
Okay, great. Thanks a lot.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks.
Operator
Thank you. Our next question comes from Kenny Vallace with Berenberg Capital Markets. Please proceed with your question.
Kenneth Vallace -- Berenberg Capital Markets -- Analyst
Good morning everyone. Thanks for taking my question. Obviously, you've covered a lot here, but I just wanted to hit on the direct metal printers. Any updates on the commercial launch from earlier this spring? It's kind of briefly mentioned in the comments but how are you thinking about the market opportunity there? And what is competition kind of look like, particularly as the recovery kind of comes into play in 2021?
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah, well, we're obviously bullish on metal printers. It's going to be a very big market out there and there are a variety of technologies being used to pursue it with ours. Ours is particularly good with Aerospace-type materials or difficult materials to process, meaning very unique, very good atmosphere control and obviously we have very -- we have some very large printer. So, for example, Aerospace companies are making flight hardware out of very sensitive high temperature materials, you want the best atmosphere for making the part you can find and I -- that's the technology we really exploited in our printers. So now going forward, we're working on making them faster and better and able to demonstrate a broader range of materials or even multiple materials into the same printer. So that's a challenge for us. I would say metals in general are a nice growth market.
Our platforms are being well received. The 350 has been in production for a while, and it's in continued demand across a large number of markets. The 500 is much newer for us and we're able to start shipping it now and building up an installed base and kind of seeing what the customer experience is like on a larger scale there. We anticipate growing demand for that as well. So I don't want to oversell and oversell it and say it's going to change the entire business. But the future of metals is very big. And we will certainly look to fully participate. A lot of our customers want to move from plastics and metals to and back to plastics again over time depending on what the components they are trying to manufacture. So we believe very strongly in offering that range of technologies to our customers.
Kenneth Vallace -- Berenberg Capital Markets -- Analyst
Awesome. And then just kind of quick -- as a quick follow up, would you highlight, metal is a particularly interesting area for investment as the divestments happen and you have more cash on hand.
Jeffrey A. Graves -- Chief Executive Officer and President
No, I wouldn't. Actually, I wouldn't say specifically metals, plastics have an enormous range to go and you look at the range of plastics for -- again, we're heavily focused on broadly on industrial applications, and I mean that to apply to healthcare too, but they're useful devices. They are actual components that are going into machines or into human bodies. It changes a lot day-to-day from metal to plastic and back again. So I am very excited about metals. I am equally excited about plastics and there was a prior question, which I neglected to address on reinforced plastics or blended plastics, things like that. I think they have a great future whether its carbon fiber or carbon reinforced -- more alloyed or more blends of plastics going to printers, fantastic opportunity. So I'd say, I'm equally bullish on both. I like both areas and our customers do as well.
Kenneth Vallace -- Berenberg Capital Markets -- Analyst
Awesome. Thank you very much Jeff.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks for the questions.
Operator
Thank you. For our last question, we'll take a follow-up from Greg Palm with Craig-Hallum. Please proceed with your question.
Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst
Yeah, thanks for sticking in me. I guess one of the questions I've been getting from investors is sort of the pathway to organic growth. And I guess the assets you've divested, are the majority that you're looking to divest shrinking in revenue similar to Cimatron? I don't know if you can confirm that. And then as we think about healthcare, I mean, by our math that's a segment that actually has been growing pretty consistently on an organic basis over the years. I mean is that something you can expect to continue going forward?
Jeffrey A. Graves -- Chief Executive Officer and President
Yes, absolutely, Greg and I would tell you just generically. The company had so many exciting opportunities that we were trying to do, just broadly speaking, Greg too much too far. We were under-investing in many areas and certainly these subtractive assets that we sold with GibbsCAM and Cimatron is an example. I'm not convinced under the right ownership, those are shrinking markets. They were shrinking businesses for us because we weren't able to invest properly in them. And as soon as we laid out our Purpose Statement and we said, we're going to invest in additive that meant that trajectory was going to continue. So it's best to get rid of that stuff. Put it under the right ownership for growth in the future and let us focus on areas where we can grow. Our customer base in healthcare, just use that as an example is absolutely fabulous. We do pockets of great work with some of the leading healthcare companies in the world.
But if I look at their demand, they want us in a number of other areas that we just haven't been able to invest in because we were trying to do too much for too many. And so as we're getting out of things we're trying to double down on the things that are working and growing and healthcare is a great example. Med devices, surgical planning, those areas are fabulous. This new work we're doing with the VA, those are the kind of areas that we're going to really focus on from all the way from sales and marketing through our technology base and application engineering because there is real growth in those areas. And I saw -- the industry is growing. I think you'll end up seeing us grow as well. Our shortest term priority here is to drive to profitability. Stop doing things that are non-core, get the cost out of the business, get to profitability and earn cash that we can reinvest in our core business for further growth. And I think you'll see that increasingly in the discussion -- turning increasingly to growth as we go into '21.
Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst
Yeah, OK. And then just to be clear on the gross margin trajectory. I mean, so the divestiture of Cimatron, that will take out some pretty high margin business. I assume on the flip side, there's probably divestitures that you're looking at that are lower margin, so maybe that can offset that but Jagtar, I mean, I think you mentioned restructuring efforts and the impact to gross margins going forward. I mean, do you have an internal target over the next year where we could go from here?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
So what we've said is, right, $60 million of run rate cost savings exiting this year, $100 million in total by the end of next year, right? So if you think about 30% of that roughly is on the cost of goods sold line. That probably gives you some perspective on where we expect gross margins to end up.
Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst
Okay. But even with the divestiture of Cimatron that would certainly put some upward pressure on gross margins, just by that math, right?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
That's fair. I mean that is a high margin business.
Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst
Yeah. Okay, all right, great, thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Greg.
Operator
Thank you. This concludes our question-and-answer session. I'll now turn the floor back over to Melanie Solomon for additional closing comments.
Melanie Solomon -- Investor Relations
Thank you all for joining us today and for your continued support of 3D Systems. A replay of this webcast will be available after the call on the Investor Relations section of our website. Have a good day.
Operator
[Operator Closing Remarks]
Duration: 65 minutes
Call participants:
Melanie Solomon -- Investor Relations
Jeffrey A. Graves -- Chief Executive Officer and President
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst
Ananda Baruah -- Loop Capital Markets -- Analyst
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Brian Drab -- William Blair -- Analyst
Jim Ricchiuti -- Needham & Company -- Analyst
Paul Coster -- J.P. Morgan -- Analyst
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
Kenneth Vallace -- Berenberg Capital Markets -- Analyst
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3D Systems Corp (NYSE: DDD) Q3 2020 Earnings Call Nov 6, 2020, 10:00 a.m. Operator [Operator Closing Remarks] Duration: 65 minutes Call participants: Melanie Solomon -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Brian Drab -- William Blair -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Paul Coster -- J.P. Morgan -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Kenneth Vallace -- Berenberg Capital Markets -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. These growth markets all place a premium on performance and reliability for key components; have engineering and technology cultures that seek innovation as a way to deliver value to their customers and processes that tend to be highly controlled or regulated.
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Operator [Operator Closing Remarks] Duration: 65 minutes Call participants: Melanie Solomon -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Brian Drab -- William Blair -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Paul Coster -- J.P. Morgan -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Kenneth Vallace -- Berenberg Capital Markets -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q3 2020 Earnings Call Nov 6, 2020, 10:00 a.m. Earlier this month, we were extremely proud to be awarded a multi-million dollar contract to help the VA establish an additive manufacturing production capability for medical devices.As a part of this program 3D Systems will establish the required workflows, medical grade quality systems, and regulatory approvals, deploy our additive manufacturing printers, and then fully train and staff the operations.
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Operator [Operator Closing Remarks] Duration: 65 minutes Call participants: Melanie Solomon -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Brian Drab -- William Blair -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Paul Coster -- J.P. Morgan -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Kenneth Vallace -- Berenberg Capital Markets -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q3 2020 Earnings Call Nov 6, 2020, 10:00 a.m. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Jagtar Narula, Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
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Operator [Operator Closing Remarks] Duration: 65 minutes Call participants: Melanie Solomon -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group LLC -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Brian Drab -- William Blair -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Paul Coster -- J.P. Morgan -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Kenneth Vallace -- Berenberg Capital Markets -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q3 2020 Earnings Call Nov 6, 2020, 10:00 a.m. Jeffrey A. Graves -- Chief Executive Officer and President Well, I'm sure the answer will frustrate you but its highly dependent on which businesses or which parts of businesses that we end up divesting.
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BUZZ-U.S. STOCKS ON THE MOVE-Health insurers, Alibaba, Fox, Ferrari, Gartner
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The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes jumped on Tuesday as investors bet that one of the country's most divisive presidential races could end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. .N
At 12:08 ET, the Dow Jones Industrial Average .DJI was up 2.14% at 27,500.82. The S&P 500 .SPX was up 2.22% at 3,383.62 and the Nasdaq Composite .IXIC was up 2.14% at 11,191.643. The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 15.7% ** Gartner IT.N, up 12% ** Catalent CTLT.N, up 8.1% The top three S&P 500 .PL.INX percentage losers: ** Mosaic MOS.N, down 13.7% ** Leggett& Platt LEG.N, down 5.7% ** CF Industries CF.N, down 4.1% The top three NYSE .PG.N percentage gainers: ** Inspire Medical Systems INSP.N, up 23.6% ** Arista Networks ANET.N, up 15.7% ** Bloom Energy BE.N, up 14.5% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 32.9% ** Greenhill GHL.N, down 23.3% ** Intrepid Potash IPI.N, down 17.7% The top three Nasdaq .PG.O percentage gainers: ** Alaska Communications Systems ALSK.O, up 57.6% ** Biolinrx Ltd BLRX.O, up 27.3% ** Jakks Pacific JAKK.O, up 23.8% The top three Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 24.3% ** KBL Merger Corp KBLM.O, down 24% ** KBL Merger Corp. IV. KBLMU.O, down 20.4%
** Alibaba BABA.N: down 6.8%
BUZZ-Slumps after China suspends Ant's $37 bln listing ** Fox Corp FOXA.O: down 2.9%
BUZZ-Rises after Q1 profit beat
** Designer Brands DBI.N: up 13.8%
BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 18.6%
BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.0%
BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.9%
BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 2.6%
BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 8.2%
BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 3.0% ** Anthem ANTM.N: up 5.3% ** Humana HUM.N: up 4.3%
BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 3.5%
BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 4.7%
BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.8%
BUZZ-Falls on failure of dry-eye syndrome drug study ** Esperion Therapeutic ESPR.O: down 16.3%
BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 23.8% BUZZ-Surges as Q3 results beat ** Paypal PYPL.O: down 1.8% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** Mondelez International Inc MDLZ.O: up 1.2% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 2.8% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 2.3% BUZZ-Rises on stake disclosure by shareholder ** Biogen BIIB.O: down 1.3% BUZZ-Cantor slashes PT on concerns over Spinraza competition, growth ** Plug Power PLUG.O: up 8.6% BUZZ-Gains after D.E. Shaw discloses passive stake ** Alaska Communications ALSK.O: up 57.6% BUZZ-Soars on go-private deal ** Baxter BAX.N: up 0.1% BUZZ-Fall in Baxter shares potential "buying opportunity" - JPM ** Goldman Sachs GS.N: up 3.9%
** JPMorgan Chase & Co JPM.N: up 3.7% ** Morgan Stanley MS.N: up 3.0% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** OraSure Tech OSUR.O: up 0.3% BUZZ-Rises as second COVID-19 saliva kit gets emergency use nod ** Bristol Myers BMY.N: up 3.3% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 8.1% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 4.1% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 15.7% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 2.2% ** Lyft Inc LYFT.O: up 5.9% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 5.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 3.6% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 6.4% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 7.4% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 40.3% BUZZ-Soars premarket; co expects to reduce op-ex by $32 mln ** Cardlytics CDLX.O: down 2.2% BUZZ-Rises as brokerages hike PTs after Q3 results
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 1.77%
Consumer Discretionary
.SPLRCD
up 1.82%
Consumer Staples
.SPLRCS
up 1.91%
Energy
.SPNY
up 0.09%
Financial
.SPSY
up 2.65%
Health
.SPXHC
up 1.69%
Industrial
.SPLRCI
up 2.48%
Information Technology
.SPLRCT
up 2.02%
Materials
.SPLRCM
up 1.18%
Real Estate
.SPLRCR
up 1.55%
Utilities
.SPLRCU
up 1.67%
(Compiled by Arundhati Sarkar in Bengaluru)
((Arundhati.Sarkar@thomsonreuters.com; twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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KBLMU.O, down 20.4% ** Alibaba BABA.N: down 6.8% BUZZ-Slumps after China suspends Ant's $37 bln listing ** Fox Corp FOXA.O: down 2.9% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 13.8% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 18.6% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.0% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.9% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 2.6% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 8.2% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 3.0% ** Anthem ANTM.N: up 5.3% ** Humana HUM.N: up 4.3% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 3.5% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 4.7% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.8% BUZZ-Falls on failure of dry-eye syndrome drug study ** Esperion Therapeutic ESPR.O: down 16.3% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 23.8% BUZZ-Surges as Q3 results beat ** Paypal PYPL.O: down 1.8% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** Mondelez International Inc MDLZ.O: up 1.2% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 2.8% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 2.3% BUZZ-Rises on stake disclosure by shareholder ** Biogen BIIB.O: down 1.3% BUZZ-Cantor slashes PT on concerns over Spinraza competition, growth ** Plug Power PLUG.O: up 8.6% BUZZ-Gains after D.E. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped on Tuesday as investors bet that one of the country's most divisive presidential races could end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. Shaw discloses passive stake ** Alaska Communications ALSK.O: up 57.6% BUZZ-Soars on go-private deal ** Baxter BAX.N: up 0.1% BUZZ-Fall in Baxter shares potential "buying opportunity" - JPM ** Goldman Sachs GS.N: up 3.9% ** JPMorgan Chase & Co JPM.N: up 3.7% ** Morgan Stanley MS.N: up 3.0% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** OraSure Tech OSUR.O: up 0.3% BUZZ-Rises as second COVID-19 saliva kit gets emergency use nod ** Bristol Myers BMY.N: up 3.3% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 8.1% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 4.1% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 15.7% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 2.2% ** Lyft Inc LYFT.O: up 5.9% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 5.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 3.6% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 6.4% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 7.4% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 40.3% BUZZ-Soars premarket; co expects to reduce op-ex by $32 mln ** Cardlytics CDLX.O: down 2.2% BUZZ-Rises as brokerages hike PTs after Q3 results The 11 major S&P 500 sectors: Communication Services
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KBLMU.O, down 20.4% ** Alibaba BABA.N: down 6.8% BUZZ-Slumps after China suspends Ant's $37 bln listing ** Fox Corp FOXA.O: down 2.9% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 13.8% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 18.6% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.0% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.9% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 2.6% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 8.2% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 3.0% ** Anthem ANTM.N: up 5.3% ** Humana HUM.N: up 4.3% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 3.5% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 4.7% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.8% BUZZ-Falls on failure of dry-eye syndrome drug study ** Esperion Therapeutic ESPR.O: down 16.3% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 23.8% BUZZ-Surges as Q3 results beat ** Paypal PYPL.O: down 1.8% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** Mondelez International Inc MDLZ.O: up 1.2% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 2.8% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 2.3% BUZZ-Rises on stake disclosure by shareholder ** Biogen BIIB.O: down 1.3% BUZZ-Cantor slashes PT on concerns over Spinraza competition, growth ** Plug Power PLUG.O: up 8.6% BUZZ-Gains after D.E. The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 15.7% ** Gartner IT.N, up 12% ** Catalent CTLT.N, up 8.1% The top three S&P 500 .PL.INX percentage losers: ** Mosaic MOS.N, down 13.7% ** Leggett& Platt LEG.N, down 5.7% ** CF Industries CF.N, down 4.1% The top three NYSE .PG.N percentage gainers: ** Inspire Medical Systems INSP.N, up 23.6% ** Arista Networks ANET.N, up 15.7% ** Bloom Energy BE.N, up 14.5% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 32.9% ** Greenhill GHL.N, down 23.3% ** Intrepid Potash IPI.N, down 17.7% The top three Nasdaq .PG.O percentage gainers: ** Alaska Communications Systems ALSK.O, up 57.6% ** Biolinrx Ltd BLRX.O, up 27.3% ** Jakks Pacific JAKK.O, up 23.8% The top three Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 24.3% ** KBL Merger Corp KBLM.O, down 24% ** KBL Merger Corp. IV. Shaw discloses passive stake ** Alaska Communications ALSK.O: up 57.6% BUZZ-Soars on go-private deal ** Baxter BAX.N: up 0.1% BUZZ-Fall in Baxter shares potential "buying opportunity" - JPM ** Goldman Sachs GS.N: up 3.9% ** JPMorgan Chase & Co JPM.N: up 3.7% ** Morgan Stanley MS.N: up 3.0% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** OraSure Tech OSUR.O: up 0.3% BUZZ-Rises as second COVID-19 saliva kit gets emergency use nod ** Bristol Myers BMY.N: up 3.3% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 8.1% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 4.1% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 15.7% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 2.2% ** Lyft Inc LYFT.O: up 5.9% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 5.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 3.6% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 6.4% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 7.4% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 40.3% BUZZ-Soars premarket; co expects to reduce op-ex by $32 mln ** Cardlytics CDLX.O: down 2.2% BUZZ-Rises as brokerages hike PTs after Q3 results The 11 major S&P 500 sectors: Communication Services
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KBLMU.O, down 20.4% ** Alibaba BABA.N: down 6.8% BUZZ-Slumps after China suspends Ant's $37 bln listing ** Fox Corp FOXA.O: down 2.9% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 13.8% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 18.6% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.0% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.9% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 2.6% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 8.2% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 3.0% ** Anthem ANTM.N: up 5.3% ** Humana HUM.N: up 4.3% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 3.5% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 4.7% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.8% BUZZ-Falls on failure of dry-eye syndrome drug study ** Esperion Therapeutic ESPR.O: down 16.3% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 23.8% BUZZ-Surges as Q3 results beat ** Paypal PYPL.O: down 1.8% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** Mondelez International Inc MDLZ.O: up 1.2% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 2.8% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 2.3% BUZZ-Rises on stake disclosure by shareholder ** Biogen BIIB.O: down 1.3% BUZZ-Cantor slashes PT on concerns over Spinraza competition, growth ** Plug Power PLUG.O: up 8.6% BUZZ-Gains after D.E. The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 15.7% ** Gartner IT.N, up 12% ** Catalent CTLT.N, up 8.1% The top three S&P 500 .PL.INX percentage losers: ** Mosaic MOS.N, down 13.7% ** Leggett& Platt LEG.N, down 5.7% ** CF Industries CF.N, down 4.1% The top three NYSE .PG.N percentage gainers: ** Inspire Medical Systems INSP.N, up 23.6% ** Arista Networks ANET.N, up 15.7% ** Bloom Energy BE.N, up 14.5% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 32.9% ** Greenhill GHL.N, down 23.3% ** Intrepid Potash IPI.N, down 17.7% The top three Nasdaq .PG.O percentage gainers: ** Alaska Communications Systems ALSK.O, up 57.6% ** Biolinrx Ltd BLRX.O, up 27.3% ** Jakks Pacific JAKK.O, up 23.8% The top three Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 24.3% ** KBL Merger Corp KBLM.O, down 24% ** KBL Merger Corp. IV. Shaw discloses passive stake ** Alaska Communications ALSK.O: up 57.6% BUZZ-Soars on go-private deal ** Baxter BAX.N: up 0.1% BUZZ-Fall in Baxter shares potential "buying opportunity" - JPM ** Goldman Sachs GS.N: up 3.9% ** JPMorgan Chase & Co JPM.N: up 3.7% ** Morgan Stanley MS.N: up 3.0% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** OraSure Tech OSUR.O: up 0.3% BUZZ-Rises as second COVID-19 saliva kit gets emergency use nod ** Bristol Myers BMY.N: up 3.3% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 8.1% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 4.1% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 15.7% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 2.2% ** Lyft Inc LYFT.O: up 5.9% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 5.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 3.6% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 6.4% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 7.4% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 40.3% BUZZ-Soars premarket; co expects to reduce op-ex by $32 mln ** Cardlytics CDLX.O: down 2.2% BUZZ-Rises as brokerages hike PTs after Q3 results The 11 major S&P 500 sectors: Communication Services
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KBLMU.O, down 20.4% ** Alibaba BABA.N: down 6.8% BUZZ-Slumps after China suspends Ant's $37 bln listing ** Fox Corp FOXA.O: down 2.9% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 13.8% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 18.6% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.0% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.9% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 2.6% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 8.2% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 3.0% ** Anthem ANTM.N: up 5.3% ** Humana HUM.N: up 4.3% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 3.5% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 4.7% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.8% BUZZ-Falls on failure of dry-eye syndrome drug study ** Esperion Therapeutic ESPR.O: down 16.3% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 23.8% BUZZ-Surges as Q3 results beat ** Paypal PYPL.O: down 1.8% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** Mondelez International Inc MDLZ.O: up 1.2% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 2.8% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 2.3% BUZZ-Rises on stake disclosure by shareholder ** Biogen BIIB.O: down 1.3% BUZZ-Cantor slashes PT on concerns over Spinraza competition, growth ** Plug Power PLUG.O: up 8.6% BUZZ-Gains after D.E. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped on Tuesday as investors bet that one of the country's most divisive presidential races could end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. .N At 12:08 ET, the Dow Jones Industrial Average .DJI was up 2.14% at 27,500.82.
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b50d2d96-37e9-4827-a4d9-925ff0e412e4
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716715.0
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2020-11-03 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-U.S. banks, Plug Power, Spirit AeroSystems, Gartner, Solaredge
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-u.s.-banks-plug-power-spirit-aerosystems-gartner-solaredge
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's main indexes jumped on Tuesday as investors bet that one of the country's most divisive presidential races could end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. .N
At 13:10 ET, the Dow Jones Industrial Average .DJI was up 2.00% at 27,462.9. The S&P 500 .SPX was up 1.85% at 3,371.33 and the Nasdaq Composite .IXIC was up 2.00% at 11,176.599. The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 15.7% ** Gartner IT.N, up 11.6% ** Catalent CTLT.N, up 7.7% The top three S&P 500 .PL.INX percentage losers: ** Mosaic MOS.N, down 12.9% ** Leggett& Platt LEG.N, down 6.6% ** CF Industries CF.N, down 4.7% The top three NYSE .PG.N percentage gainers: ** Inspre Med Systm INSP.N, up 26.4% ** Ellomay Capital ELLO.N, up 21.7% ** Arista Networks ANET.N, up 15.7% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 30.7% ** Greenhill GHL.N, down 20.4% ** Intrepid Potash IPI.N, down 18.3% The top Nasdaq .PG.O percentage gainers: ** Alaska Communications ALSK.O, up 57.9% ** BioLine RX BLRX.O, up 35.4% The top Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 23.8 % ** KBL Merger Corp. IV. KBLM.O, down 22.3 %
** Biomarin Pharma BMRN.O: down 2.0%
BUZZ-Falls on concerns over FDA review of growth disorder treatment ** Humana HUM.N: up 2.6%
BUZZ-Rises on strong 2021 profit outlook, Q3 earnings ** Emerson Electric EMR.N: up 2.3%
BUZZ-Emerson Electric: Gains after cost cuts drive quarterly profit beat ** Aptevo Therapeutics APVO.O: up 19.5%
BUZZ-Surges after cancer symptoms disappear in study patient ** Eaton Corp ETN.N: up 2.4%
BUZZ-Up on Q3 results beat ** Fabrinet FN.N: up 7.2%
BUZZ-Hits 2-month high after Q1 results beat estimates ** Spirit AeroSystems SPR.N: up 4.0%
BUZZ-Up after forecasting lower 2021 cash burn
** Alibaba BABA.N: down 8.0%
BUZZ-Drops after Shanghai stock exchange suspends Ant's A-share IPO ** Fox Corp FOXA.O: down 2.8%
BUZZ-Rises after Q1 profit beat
** Designer Brands DBI.N: up 12.1%
BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 22.5%
BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.2%
BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.7%
BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 3.2%
BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 6.6%
BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 2.8% ** Anthem ANTM.N: up 4.9% ** Humana HUM.N: up 2.6%
BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 3.6%
BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 6.3%
BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.7%
BUZZ-Falls on failure of dry-eye syndrome drug study ** Gilead Sciences Inc GILD.O: up 0.4%
BUZZ-Value investors should keep Gilead Sciences on the radar: Mizuho ** Tilray TLRY.O: down 1.4% ** Cronos CRON.O: down 0.2% ** Sundial Growers SNDL.O: !RIC {RIC.NB} is invalid ** Aurora Cannabis ACB.N: up 1.1%
BUZZ-Pot stocks gain as investors bet on Biden-Harris victory ** Esperion Therapeutic ESPR.O: down 15.7%
BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 25.1% BUZZ-Surges as Q3 results beat ** Paypal PYPL.O: down 2.5% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** Mondelez International Inc MDLZ.O: up 0.4% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 3.5% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 1.2% BUZZ-Rises on stake disclosure by shareholder ** Biogen BIIB.O: down 2.0% BUZZ-Cantor slashes PT on concerns over Spinraza competition, growth ** Plug Power PLUG.O: up 9.5% BUZZ-Gains after D.E. Shaw discloses passive stake ** Alaska Communications ALSK.O: up 57.9% BUZZ-Soars on go-private deal ** Baxter BAX.N: down 0.2% BUZZ-Fall in Baxter shares potential "buying opportunity" - JPM ** Goldman Sachs GS.N: up 4.1%
** JPMorgan Chase & Co JPM.N: up 3.2% ** Morgan Stanley MS.N: up 2.9% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** Bristol Myers BMY.N: up 3.7% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 8.9% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 3.7% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 15.7% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 3.0% ** Lyft Inc LYFT.O: up 6.6% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 7.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 3.4% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 5.4% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 7.5% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 33.8% BUZZ-Soars; co expects to reduce op-ex by $32 mln
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 2.04%
Consumer Discretionary
.SPLRCD
up 2.20%
Consumer Staples
.SPLRCS
up 1.70%
Energy
.SPNY
down 0.88%
Financial
.SPSY
up 2.38%
Health
.SPXHC
up 1.45%
Industrial
.SPLRCI
up 2.34%
Information Technology
.SPLRCT
up 2.02%
Materials
.SPLRCM
up 1.14%
Real Estate
.SPLRCR
up 1.62%
Utilities
.SPLRCU
up 1.29%
(Compiled by Arundhati Sarkar in Bengaluru)
((Arundhati.Sarkar@thomsonreuters.com; twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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KBLM.O, down 22.3 % ** Biomarin Pharma BMRN.O: down 2.0% BUZZ-Falls on concerns over FDA review of growth disorder treatment ** Humana HUM.N: up 2.6% BUZZ-Rises on strong 2021 profit outlook, Q3 earnings ** Emerson Electric EMR.N: up 2.3% BUZZ-Emerson Electric: Gains after cost cuts drive quarterly profit beat ** Aptevo Therapeutics APVO.O: up 19.5% BUZZ-Surges after cancer symptoms disappear in study patient ** Eaton Corp ETN.N: up 2.4% BUZZ-Up on Q3 results beat ** Fabrinet FN.N: up 7.2% BUZZ-Hits 2-month high after Q1 results beat estimates ** Spirit AeroSystems SPR.N: up 4.0% BUZZ-Up after forecasting lower 2021 cash burn ** Alibaba BABA.N: down 8.0% BUZZ-Drops after Shanghai stock exchange suspends Ant's A-share IPO ** Fox Corp FOXA.O: down 2.8% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 12.1% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 22.5% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.2% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.7% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 3.2% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 6.6% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 2.8% ** Anthem ANTM.N: up 4.9% ** Humana HUM.N: up 2.6% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 3.6% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 6.3% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.7% BUZZ-Falls on failure of dry-eye syndrome drug study ** Gilead Sciences Inc GILD.O: up 0.4% BUZZ-Value investors should keep Gilead Sciences on the radar: Mizuho ** Tilray TLRY.O: down 1.4% ** Cronos CRON.O: down 0.2% ** Sundial Growers SNDL.O: !RIC {RIC.NB} is invalid ** Aurora Cannabis ACB.N: up 1.1% BUZZ-Pot stocks gain as investors bet on Biden-Harris victory ** Esperion Therapeutic ESPR.O: down 15.7% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 25.1% BUZZ-Surges as Q3 results beat ** Paypal PYPL.O: down 2.5% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** Mondelez International Inc MDLZ.O: up 0.4% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 3.5% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 1.2% BUZZ-Rises on stake disclosure by shareholder ** Biogen BIIB.O: down 2.0% BUZZ-Cantor slashes PT on concerns over Spinraza competition, growth ** Plug Power PLUG.O: up 9.5% BUZZ-Gains after D.E. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped on Tuesday as investors bet that one of the country's most divisive presidential races could end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. Shaw discloses passive stake ** Alaska Communications ALSK.O: up 57.9% BUZZ-Soars on go-private deal ** Baxter BAX.N: down 0.2% BUZZ-Fall in Baxter shares potential "buying opportunity" - JPM ** Goldman Sachs GS.N: up 4.1% ** JPMorgan Chase & Co JPM.N: up 3.2% ** Morgan Stanley MS.N: up 2.9% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** Bristol Myers BMY.N: up 3.7% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 8.9% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 3.7% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 15.7% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 3.0% ** Lyft Inc LYFT.O: up 6.6% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 7.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 3.4% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 5.4% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 7.5% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 33.8% BUZZ-Soars; co expects to reduce op-ex by $32 mln The 11 major S&P 500 sectors: Communication Services
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KBLM.O, down 22.3 % ** Biomarin Pharma BMRN.O: down 2.0% BUZZ-Falls on concerns over FDA review of growth disorder treatment ** Humana HUM.N: up 2.6% BUZZ-Rises on strong 2021 profit outlook, Q3 earnings ** Emerson Electric EMR.N: up 2.3% BUZZ-Emerson Electric: Gains after cost cuts drive quarterly profit beat ** Aptevo Therapeutics APVO.O: up 19.5% BUZZ-Surges after cancer symptoms disappear in study patient ** Eaton Corp ETN.N: up 2.4% BUZZ-Up on Q3 results beat ** Fabrinet FN.N: up 7.2% BUZZ-Hits 2-month high after Q1 results beat estimates ** Spirit AeroSystems SPR.N: up 4.0% BUZZ-Up after forecasting lower 2021 cash burn ** Alibaba BABA.N: down 8.0% BUZZ-Drops after Shanghai stock exchange suspends Ant's A-share IPO ** Fox Corp FOXA.O: down 2.8% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 12.1% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 22.5% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.2% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.7% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 3.2% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 6.6% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 2.8% ** Anthem ANTM.N: up 4.9% ** Humana HUM.N: up 2.6% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 3.6% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 6.3% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.7% BUZZ-Falls on failure of dry-eye syndrome drug study ** Gilead Sciences Inc GILD.O: up 0.4% BUZZ-Value investors should keep Gilead Sciences on the radar: Mizuho ** Tilray TLRY.O: down 1.4% ** Cronos CRON.O: down 0.2% ** Sundial Growers SNDL.O: !RIC {RIC.NB} is invalid ** Aurora Cannabis ACB.N: up 1.1% BUZZ-Pot stocks gain as investors bet on Biden-Harris victory ** Esperion Therapeutic ESPR.O: down 15.7% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 25.1% BUZZ-Surges as Q3 results beat ** Paypal PYPL.O: down 2.5% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** Mondelez International Inc MDLZ.O: up 0.4% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 3.5% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 1.2% BUZZ-Rises on stake disclosure by shareholder ** Biogen BIIB.O: down 2.0% BUZZ-Cantor slashes PT on concerns over Spinraza competition, growth ** Plug Power PLUG.O: up 9.5% BUZZ-Gains after D.E. The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 15.7% ** Gartner IT.N, up 11.6% ** Catalent CTLT.N, up 7.7% The top three S&P 500 .PL.INX percentage losers: ** Mosaic MOS.N, down 12.9% ** Leggett& Platt LEG.N, down 6.6% ** CF Industries CF.N, down 4.7% The top three NYSE .PG.N percentage gainers: ** Inspre Med Systm INSP.N, up 26.4% ** Ellomay Capital ELLO.N, up 21.7% ** Arista Networks ANET.N, up 15.7% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 30.7% ** Greenhill GHL.N, down 20.4% ** Intrepid Potash IPI.N, down 18.3% The top Nasdaq .PG.O percentage gainers: ** Alaska Communications ALSK.O, up 57.9% ** BioLine RX BLRX.O, up 35.4% The top Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 23.8 % ** KBL Merger Corp. IV. Shaw discloses passive stake ** Alaska Communications ALSK.O: up 57.9% BUZZ-Soars on go-private deal ** Baxter BAX.N: down 0.2% BUZZ-Fall in Baxter shares potential "buying opportunity" - JPM ** Goldman Sachs GS.N: up 4.1% ** JPMorgan Chase & Co JPM.N: up 3.2% ** Morgan Stanley MS.N: up 2.9% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** Bristol Myers BMY.N: up 3.7% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 8.9% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 3.7% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 15.7% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 3.0% ** Lyft Inc LYFT.O: up 6.6% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 7.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 3.4% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 5.4% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 7.5% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 33.8% BUZZ-Soars; co expects to reduce op-ex by $32 mln The 11 major S&P 500 sectors: Communication Services
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KBLM.O, down 22.3 % ** Biomarin Pharma BMRN.O: down 2.0% BUZZ-Falls on concerns over FDA review of growth disorder treatment ** Humana HUM.N: up 2.6% BUZZ-Rises on strong 2021 profit outlook, Q3 earnings ** Emerson Electric EMR.N: up 2.3% BUZZ-Emerson Electric: Gains after cost cuts drive quarterly profit beat ** Aptevo Therapeutics APVO.O: up 19.5% BUZZ-Surges after cancer symptoms disappear in study patient ** Eaton Corp ETN.N: up 2.4% BUZZ-Up on Q3 results beat ** Fabrinet FN.N: up 7.2% BUZZ-Hits 2-month high after Q1 results beat estimates ** Spirit AeroSystems SPR.N: up 4.0% BUZZ-Up after forecasting lower 2021 cash burn ** Alibaba BABA.N: down 8.0% BUZZ-Drops after Shanghai stock exchange suspends Ant's A-share IPO ** Fox Corp FOXA.O: down 2.8% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 12.1% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 22.5% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.2% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.7% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 3.2% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 6.6% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 2.8% ** Anthem ANTM.N: up 4.9% ** Humana HUM.N: up 2.6% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 3.6% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 6.3% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.7% BUZZ-Falls on failure of dry-eye syndrome drug study ** Gilead Sciences Inc GILD.O: up 0.4% BUZZ-Value investors should keep Gilead Sciences on the radar: Mizuho ** Tilray TLRY.O: down 1.4% ** Cronos CRON.O: down 0.2% ** Sundial Growers SNDL.O: !RIC {RIC.NB} is invalid ** Aurora Cannabis ACB.N: up 1.1% BUZZ-Pot stocks gain as investors bet on Biden-Harris victory ** Esperion Therapeutic ESPR.O: down 15.7% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 25.1% BUZZ-Surges as Q3 results beat ** Paypal PYPL.O: down 2.5% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** Mondelez International Inc MDLZ.O: up 0.4% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 3.5% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 1.2% BUZZ-Rises on stake disclosure by shareholder ** Biogen BIIB.O: down 2.0% BUZZ-Cantor slashes PT on concerns over Spinraza competition, growth ** Plug Power PLUG.O: up 9.5% BUZZ-Gains after D.E. The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 15.7% ** Gartner IT.N, up 11.6% ** Catalent CTLT.N, up 7.7% The top three S&P 500 .PL.INX percentage losers: ** Mosaic MOS.N, down 12.9% ** Leggett& Platt LEG.N, down 6.6% ** CF Industries CF.N, down 4.7% The top three NYSE .PG.N percentage gainers: ** Inspre Med Systm INSP.N, up 26.4% ** Ellomay Capital ELLO.N, up 21.7% ** Arista Networks ANET.N, up 15.7% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 30.7% ** Greenhill GHL.N, down 20.4% ** Intrepid Potash IPI.N, down 18.3% The top Nasdaq .PG.O percentage gainers: ** Alaska Communications ALSK.O, up 57.9% ** BioLine RX BLRX.O, up 35.4% The top Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 23.8 % ** KBL Merger Corp. IV. Shaw discloses passive stake ** Alaska Communications ALSK.O: up 57.9% BUZZ-Soars on go-private deal ** Baxter BAX.N: down 0.2% BUZZ-Fall in Baxter shares potential "buying opportunity" - JPM ** Goldman Sachs GS.N: up 4.1% ** JPMorgan Chase & Co JPM.N: up 3.2% ** Morgan Stanley MS.N: up 2.9% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** Bristol Myers BMY.N: up 3.7% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 8.9% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 3.7% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 15.7% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 3.0% ** Lyft Inc LYFT.O: up 6.6% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 7.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 3.4% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 5.4% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 7.5% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 33.8% BUZZ-Soars; co expects to reduce op-ex by $32 mln The 11 major S&P 500 sectors: Communication Services
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KBLM.O, down 22.3 % ** Biomarin Pharma BMRN.O: down 2.0% BUZZ-Falls on concerns over FDA review of growth disorder treatment ** Humana HUM.N: up 2.6% BUZZ-Rises on strong 2021 profit outlook, Q3 earnings ** Emerson Electric EMR.N: up 2.3% BUZZ-Emerson Electric: Gains after cost cuts drive quarterly profit beat ** Aptevo Therapeutics APVO.O: up 19.5% BUZZ-Surges after cancer symptoms disappear in study patient ** Eaton Corp ETN.N: up 2.4% BUZZ-Up on Q3 results beat ** Fabrinet FN.N: up 7.2% BUZZ-Hits 2-month high after Q1 results beat estimates ** Spirit AeroSystems SPR.N: up 4.0% BUZZ-Up after forecasting lower 2021 cash burn ** Alibaba BABA.N: down 8.0% BUZZ-Drops after Shanghai stock exchange suspends Ant's A-share IPO ** Fox Corp FOXA.O: down 2.8% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 12.1% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 22.5% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.2% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.7% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 3.2% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 6.6% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 2.8% ** Anthem ANTM.N: up 4.9% ** Humana HUM.N: up 2.6% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 3.6% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 6.3% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.7% BUZZ-Falls on failure of dry-eye syndrome drug study ** Gilead Sciences Inc GILD.O: up 0.4% BUZZ-Value investors should keep Gilead Sciences on the radar: Mizuho ** Tilray TLRY.O: down 1.4% ** Cronos CRON.O: down 0.2% ** Sundial Growers SNDL.O: !RIC {RIC.NB} is invalid ** Aurora Cannabis ACB.N: up 1.1% BUZZ-Pot stocks gain as investors bet on Biden-Harris victory ** Esperion Therapeutic ESPR.O: down 15.7% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 25.1% BUZZ-Surges as Q3 results beat ** Paypal PYPL.O: down 2.5% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** Mondelez International Inc MDLZ.O: up 0.4% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 3.5% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 1.2% BUZZ-Rises on stake disclosure by shareholder ** Biogen BIIB.O: down 2.0% BUZZ-Cantor slashes PT on concerns over Spinraza competition, growth ** Plug Power PLUG.O: up 9.5% BUZZ-Gains after D.E. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes jumped on Tuesday as investors bet that one of the country's most divisive presidential races could end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. .N At 13:10 ET, the Dow Jones Industrial Average .DJI was up 2.00% at 27,462.9.
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16d2df38-d828-4872-b59b-2461bf40287a
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716716.0
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2020-11-03 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-U.S. bank stocks, Alibaba, Ferrari, health insurers
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-u.s.-bank-stocks-alibaba-ferrari-health-insurers-2020-11-03
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
U.S. stocks jumped on Tuesday as investors bet that one of the country's most divisive presidential races would end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. .N
At 10:42 ET, the Dow Jones Industrial Average .DJI was up 2.30% at 27,544.54. The S&P 500 .SPX was up 2.21% at 3,383.46 and the Nasdaq Composite .IXIC was up 2.03% at 11,179.726.
The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 19.4% ** Gartner IT.N, up 13% ** Zebra Tech ZBRA.OQ, up 8.1% The top three S&P 500 .PL.INX percentage losers: ** Mosaic Company MOS.N, down 12.2% ** Leggett& Platt LEG.N, down 4.6% ** Cf Industries CF.N, down 3% The top NYSE .PG.N percentage gainers: ** Inspire Medical Systems INSP.N, up 24.8% ** Arista Networks ANET.N, up 19.4% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 25.8% ** Greenhill GHL.N, down 15.5% ** Intrepid Potash IPI.N, down 14.8% The top Nasdaq .PG.O percentage gainers: ** Alaska Communications ALSK.O, up 58% ** Telenav TNAV.O, up 20.2% The top three Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 22.8% ** Discovery DISCB.O, down 16.3% ** Onespan OSPN.O, down 14.7%
** Alibaba BABA.N: down 6.8%
BUZZ-Drops after Shanghai stock exchange suspends Ant's A-share IPO ** Fox Corp FOXA.O: down 1.6%
BUZZ-Rises after Q1 profit beat
** Designer Brands DBI.N: up 8.4%
BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 11.4%
BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.2%
BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.2%
BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 2.7%
BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 8.5%
BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 4.2% ** Anthem ANTM.N: up 5.8% ** Humana HUM.N: up 4.0%
BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 4.7%
BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 5.2%
BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.7%
BUZZ-Falls on failure of dry-eye syndrome drug study ** Gilead Sciences Inc GILD.O: up 1.0%
BUZZ-Value investors should keep Gilead Sciences on the radar: Mizuho ** Esperion Therapeutic ESPR.O: down 12.4%
BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 17.9% BUZZ-Surges as Q3 results beat ** Karyopharm Therapeutics KPTI.O : up 3.6% BUZZ-Rises after cancer drug meets study main goal ** Paypal PYPL.O: down 3.0% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** AMC Entertainment AMC.N: up 10.2% BUZZ-Falls short of Q3 revenue estimates ** Mondelez International Inc MDLZ.O: up 1.5% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 1.7% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 2.7% BUZZ-Rises on stake disclosure by shareholder ** Plug Power PLUG.O: up 10.7% BUZZ-Gains after D.E. Shaw discloses passive stake ** Exxon Mobil Corp XOM.N: up 0.2% ** Diamondback Energy FANG.O: up 3.6% ** Apache Corp APA.O: up 0.8% BUZZ-Energy cos rise as crude rallies ahead of U.S. elections ** Alaska Communications ALSK.O: up 58.0% BUZZ-Soars on go-private deal ** Goldman Sachs GS.N: up 3.9%
** JPMorgan Chase & Co JPM.N: up 3.8% ** Morgan Stanley MS.N: up 3.3% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** OraSure Tech OSUR.O: up 1.5% BUZZ-Rises as second COVID-19 saliva kit gets emergency use nod ** Bristol Myers BMY.N: up 3.6% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 7.3% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 3.9% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 19.4% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 3.3% ** Lyft Inc LYFT.O: up 5.4% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 1.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 9.4% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 5.6% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 8.0% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 46.9% BUZZ-Soars premarket; co expects to reduce op-ex by $32 mln ** Cardlytics CDLX.O: down 1.0% BUZZ-Rises as brokerages hike PTs after Q3 results
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 1.88%
Consumer Discretionary
.SPLRCD
up 2.20%
Consumer Staples
.SPLRCS
up 2.21%
Energy
.SPNY
up 0.29%
Financial
.SPSY
up 2.85%
Health
.SPXHC
up 2.47%
Industrial
.SPLRCI
up 2.71%
Information Technology
.SPLRCT
up 2.33%
Materials
.SPLRCM
up 1.71%
Real Estate
.SPLRCR
up 1.32%
Utilities
.SPLRCU
up 2.22%
(Compiled by Arundhati Sarkar in Bengaluru)
((Arundhati.Sarkar@thomsonreuters.com; twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 19.4% ** Gartner IT.N, up 13% ** Zebra Tech ZBRA.OQ, up 8.1% The top three S&P 500 .PL.INX percentage losers: ** Mosaic Company MOS.N, down 12.2% ** Leggett& Platt LEG.N, down 4.6% ** Cf Industries CF.N, down 3% The top NYSE .PG.N percentage gainers: ** Inspire Medical Systems INSP.N, up 24.8% ** Arista Networks ANET.N, up 19.4% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 25.8% ** Greenhill GHL.N, down 15.5% ** Intrepid Potash IPI.N, down 14.8% The top Nasdaq .PG.O percentage gainers: ** Alaska Communications ALSK.O, up 58% ** Telenav TNAV.O, up 20.2% The top three Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 22.8% ** Discovery DISCB.O, down 16.3% ** Onespan OSPN.O, down 14.7% ** Alibaba BABA.N: down 6.8% BUZZ-Drops after Shanghai stock exchange suspends Ant's A-share IPO ** Fox Corp FOXA.O: down 1.6% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 8.4% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 11.4% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.2% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.2% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 2.7% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 8.5% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 4.2% ** Anthem ANTM.N: up 5.8% ** Humana HUM.N: up 4.0% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 4.7% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 5.2% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.7% BUZZ-Falls on failure of dry-eye syndrome drug study ** Gilead Sciences Inc GILD.O: up 1.0% BUZZ-Value investors should keep Gilead Sciences on the radar: Mizuho ** Esperion Therapeutic ESPR.O: down 12.4% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 17.9% BUZZ-Surges as Q3 results beat ** Karyopharm Therapeutics KPTI.O : up 3.6% BUZZ-Rises after cancer drug meets study main goal ** Paypal PYPL.O: down 3.0% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** AMC Entertainment AMC.N: up 10.2% BUZZ-Falls short of Q3 revenue estimates ** Mondelez International Inc MDLZ.O: up 1.5% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 1.7% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 2.7% BUZZ-Rises on stake disclosure by shareholder ** Plug Power PLUG.O: up 10.7% BUZZ-Gains after D.E. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks jumped on Tuesday as investors bet that one of the country's most divisive presidential races would end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. Shaw discloses passive stake ** Exxon Mobil Corp XOM.N: up 0.2% ** Diamondback Energy FANG.O: up 3.6% ** Apache Corp APA.O: up 0.8% BUZZ-Energy cos rise as crude rallies ahead of U.S. elections ** Alaska Communications ALSK.O: up 58.0% BUZZ-Soars on go-private deal ** Goldman Sachs GS.N: up 3.9% ** JPMorgan Chase & Co JPM.N: up 3.8% ** Morgan Stanley MS.N: up 3.3% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** OraSure Tech OSUR.O: up 1.5% BUZZ-Rises as second COVID-19 saliva kit gets emergency use nod ** Bristol Myers BMY.N: up 3.6% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 7.3% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 3.9% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 19.4% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 3.3% ** Lyft Inc LYFT.O: up 5.4% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 1.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 9.4% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 5.6% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 8.0% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 46.9% BUZZ-Soars premarket; co expects to reduce op-ex by $32 mln ** Cardlytics CDLX.O: down 1.0% BUZZ-Rises as brokerages hike PTs after Q3 results The 11 major S&P 500 sectors: Communication Services
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The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 19.4% ** Gartner IT.N, up 13% ** Zebra Tech ZBRA.OQ, up 8.1% The top three S&P 500 .PL.INX percentage losers: ** Mosaic Company MOS.N, down 12.2% ** Leggett& Platt LEG.N, down 4.6% ** Cf Industries CF.N, down 3% The top NYSE .PG.N percentage gainers: ** Inspire Medical Systems INSP.N, up 24.8% ** Arista Networks ANET.N, up 19.4% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 25.8% ** Greenhill GHL.N, down 15.5% ** Intrepid Potash IPI.N, down 14.8% The top Nasdaq .PG.O percentage gainers: ** Alaska Communications ALSK.O, up 58% ** Telenav TNAV.O, up 20.2% The top three Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 22.8% ** Discovery DISCB.O, down 16.3% ** Onespan OSPN.O, down 14.7% ** Alibaba BABA.N: down 6.8% BUZZ-Drops after Shanghai stock exchange suspends Ant's A-share IPO ** Fox Corp FOXA.O: down 1.6% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 8.4% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 11.4% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.2% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.2% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 2.7% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 8.5% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 4.2% ** Anthem ANTM.N: up 5.8% ** Humana HUM.N: up 4.0% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 4.7% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 5.2% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.7% BUZZ-Falls on failure of dry-eye syndrome drug study ** Gilead Sciences Inc GILD.O: up 1.0% BUZZ-Value investors should keep Gilead Sciences on the radar: Mizuho ** Esperion Therapeutic ESPR.O: down 12.4% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 17.9% BUZZ-Surges as Q3 results beat ** Karyopharm Therapeutics KPTI.O : up 3.6% BUZZ-Rises after cancer drug meets study main goal ** Paypal PYPL.O: down 3.0% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** AMC Entertainment AMC.N: up 10.2% BUZZ-Falls short of Q3 revenue estimates ** Mondelez International Inc MDLZ.O: up 1.5% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 1.7% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 2.7% BUZZ-Rises on stake disclosure by shareholder ** Plug Power PLUG.O: up 10.7% BUZZ-Gains after D.E. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks jumped on Tuesday as investors bet that one of the country's most divisive presidential races would end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. Shaw discloses passive stake ** Exxon Mobil Corp XOM.N: up 0.2% ** Diamondback Energy FANG.O: up 3.6% ** Apache Corp APA.O: up 0.8% BUZZ-Energy cos rise as crude rallies ahead of U.S. elections ** Alaska Communications ALSK.O: up 58.0% BUZZ-Soars on go-private deal ** Goldman Sachs GS.N: up 3.9% ** JPMorgan Chase & Co JPM.N: up 3.8% ** Morgan Stanley MS.N: up 3.3% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** OraSure Tech OSUR.O: up 1.5% BUZZ-Rises as second COVID-19 saliva kit gets emergency use nod ** Bristol Myers BMY.N: up 3.6% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 7.3% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 3.9% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 19.4% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 3.3% ** Lyft Inc LYFT.O: up 5.4% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 1.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 9.4% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 5.6% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 8.0% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 46.9% BUZZ-Soars premarket; co expects to reduce op-ex by $32 mln ** Cardlytics CDLX.O: down 1.0% BUZZ-Rises as brokerages hike PTs after Q3 results The 11 major S&P 500 sectors: Communication Services
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The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 19.4% ** Gartner IT.N, up 13% ** Zebra Tech ZBRA.OQ, up 8.1% The top three S&P 500 .PL.INX percentage losers: ** Mosaic Company MOS.N, down 12.2% ** Leggett& Platt LEG.N, down 4.6% ** Cf Industries CF.N, down 3% The top NYSE .PG.N percentage gainers: ** Inspire Medical Systems INSP.N, up 24.8% ** Arista Networks ANET.N, up 19.4% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 25.8% ** Greenhill GHL.N, down 15.5% ** Intrepid Potash IPI.N, down 14.8% The top Nasdaq .PG.O percentage gainers: ** Alaska Communications ALSK.O, up 58% ** Telenav TNAV.O, up 20.2% The top three Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 22.8% ** Discovery DISCB.O, down 16.3% ** Onespan OSPN.O, down 14.7% ** Alibaba BABA.N: down 6.8% BUZZ-Drops after Shanghai stock exchange suspends Ant's A-share IPO ** Fox Corp FOXA.O: down 1.6% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 8.4% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 11.4% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.2% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.2% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 2.7% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 8.5% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 4.2% ** Anthem ANTM.N: up 5.8% ** Humana HUM.N: up 4.0% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 4.7% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 5.2% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.7% BUZZ-Falls on failure of dry-eye syndrome drug study ** Gilead Sciences Inc GILD.O: up 1.0% BUZZ-Value investors should keep Gilead Sciences on the radar: Mizuho ** Esperion Therapeutic ESPR.O: down 12.4% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 17.9% BUZZ-Surges as Q3 results beat ** Karyopharm Therapeutics KPTI.O : up 3.6% BUZZ-Rises after cancer drug meets study main goal ** Paypal PYPL.O: down 3.0% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** AMC Entertainment AMC.N: up 10.2% BUZZ-Falls short of Q3 revenue estimates ** Mondelez International Inc MDLZ.O: up 1.5% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 1.7% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 2.7% BUZZ-Rises on stake disclosure by shareholder ** Plug Power PLUG.O: up 10.7% BUZZ-Gains after D.E. Shaw discloses passive stake ** Exxon Mobil Corp XOM.N: up 0.2% ** Diamondback Energy FANG.O: up 3.6% ** Apache Corp APA.O: up 0.8% BUZZ-Energy cos rise as crude rallies ahead of U.S. elections ** Alaska Communications ALSK.O: up 58.0% BUZZ-Soars on go-private deal ** Goldman Sachs GS.N: up 3.9% ** JPMorgan Chase & Co JPM.N: up 3.8% ** Morgan Stanley MS.N: up 3.3% BUZZ-U.S. banks track Treasury yields higher as investors bet on Biden win ** OraSure Tech OSUR.O: up 1.5% BUZZ-Rises as second COVID-19 saliva kit gets emergency use nod ** Bristol Myers BMY.N: up 3.6% BUZZ-Up after psoriasis drug meets main goals in late-stage study ** STRATA Skin Science SSKN.O: up 7.3% BUZZ-STRATA Skin Sciences rises after brokerage upgrades to 'buy' ** Exelon EXC.O: up 3.9% BUZZ-Up as co weighs separating generation business from utilities ** Arista Networks ANET.N: up 19.4% BUZZ-Surges after beating profit est for third quarter ** Uber Technologies Inc UBER.N: up 3.3% ** Lyft Inc LYFT.O: up 5.4% BUZZ-Bernstein says focus on California's gig-worker ballot measure ** Wayfair W.N: up 1.5% BUZZ-Jumps as Q3 revenue beats estimates ** Pacific Biosciences PACB.O: down 9.4% BUZZ-Drops on missing Q3 revenue estimates ** McKesson Corp MCK.N: up 5.6% BUZZ-Up after raising profit forecast ** Zebra Technologies ZBRA.O: up 8.0% BUZZ-Rises on better-than-expected results, forecast ** Beasley Broadcast Group BBGI.O: up 46.9% BUZZ-Soars premarket; co expects to reduce op-ex by $32 mln ** Cardlytics CDLX.O: down 1.0% BUZZ-Rises as brokerages hike PTs after Q3 results The 11 major S&P 500 sectors: Communication Services up 2.20% Consumer Staples
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The top three S&P 500 .PG.INX percentage gainers: ** Arista Networks ANET.N, up 19.4% ** Gartner IT.N, up 13% ** Zebra Tech ZBRA.OQ, up 8.1% The top three S&P 500 .PL.INX percentage losers: ** Mosaic Company MOS.N, down 12.2% ** Leggett& Platt LEG.N, down 4.6% ** Cf Industries CF.N, down 3% The top NYSE .PG.N percentage gainers: ** Inspire Medical Systems INSP.N, up 24.8% ** Arista Networks ANET.N, up 19.4% The top three NYSE .PL.N percentage losers: ** Ambow Education AMBO.N, down 25.8% ** Greenhill GHL.N, down 15.5% ** Intrepid Potash IPI.N, down 14.8% The top Nasdaq .PG.O percentage gainers: ** Alaska Communications ALSK.O, up 58% ** Telenav TNAV.O, up 20.2% The top three Nasdaq .PL.O percentage losers: ** Solaredge SEDG.O, down 22.8% ** Discovery DISCB.O, down 16.3% ** Onespan OSPN.O, down 14.7% ** Alibaba BABA.N: down 6.8% BUZZ-Drops after Shanghai stock exchange suspends Ant's A-share IPO ** Fox Corp FOXA.O: down 1.6% BUZZ-Rises after Q1 profit beat ** Designer Brands DBI.N: up 8.4% BUZZ-Rises as Susquehanna upgrades to 'neutral' ** GW Pharma GWPH.O : up 11.4% BUZZ-Up as co starts study on cannabis-based drug for MS, Q3 results ** Telenav TNAV.O: up 20.2% BUZZ-Jumps on go-private deal with CEO-led firm ** Ferrari NV RACE.N: up 7.2% BUZZ-Zooms after raising profit forecast as shipments recover ** CDW Corp CDW.O: up 2.7% BUZZ-Brokerages turn bullish after upbeat Q3 ** 3D Systems Corp DDD.N: up 8.5% BUZZ-Rises on $65 mln sale of software businesses ** UnitedHealth UNH.N: up 4.2% ** Anthem ANTM.N: up 5.8% ** Humana HUM.N: up 4.0% BUZZ-Health insurers trade higher ahead of U.S. presidential elections ** Thomson Reuters TRI.N: up 4.7% BUZZ-Profit beat lifts stock ** Sysco Corp SYY.N: up 5.2% BUZZ-Rises on better-than-expected quarterly results ** Aurinia Pharma AUPH.O: down 12.7% BUZZ-Falls on failure of dry-eye syndrome drug study ** Gilead Sciences Inc GILD.O: up 1.0% BUZZ-Value investors should keep Gilead Sciences on the radar: Mizuho ** Esperion Therapeutic ESPR.O: down 12.4% BUZZ-Analysts ring alarm bells over cash balance ** Jakks Pacific Inc JAKK.O: up 17.9% BUZZ-Surges as Q3 results beat ** Karyopharm Therapeutics KPTI.O : up 3.6% BUZZ-Rises after cancer drug meets study main goal ** Paypal PYPL.O: down 3.0% BUZZ-Falls on disappointing Q4 outlook; some analysts remain bullish ** AMC Entertainment AMC.N: up 10.2% BUZZ-Falls short of Q3 revenue estimates ** Mondelez International Inc MDLZ.O: up 1.5% BUZZ-Mondelez forecast suggests strong momentum in 2021 ** Trivago NV TRVG.O: up 1.7% BUZZ-Jumps on smaller-than-expected loss in Q3 ** TechnipFMC FTI.N: up 2.7% BUZZ-Rises on stake disclosure by shareholder ** Plug Power PLUG.O: up 10.7% BUZZ-Gains after D.E. Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks jumped on Tuesday as investors bet that one of the country's most divisive presidential races would end with a clear victory for Democratic nominee Joe Biden and a swift deal on more fiscal stimulus. .N At 10:42 ET, the Dow Jones Industrial Average .DJI was up 2.30% at 27,544.54.
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587ae851-ca16-49c8-937c-d824e7478b12
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716717.0
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2020-11-03 00:00:00 UTC
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Why 3D Systems Stock Popped 10% This Morning
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-popped-10-this-morning-2020-11-03
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nan
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nan
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What happened
Additive manufacturing machine-maker 3D Systems (NYSE: DDD) is selling some subsidiaries and 3D Systems shares are flying higher this morning. In early trading Tuesday, 3D Systems stock recorded nearly a 10% gain before retreating to about a 8.6% rise as of 10:05 a.m. EST.
So what
So what exactly is 3D Systems selling, and why are investors interpreting the sales as good news? In a press release this morning, 3D advised that it has signed an agreement to sell its Cimatron CAD/CAM software and GibbsCAM CNC programming software businesses to private equity firm Battery Ventures for a combined purchase price of $65 million.
Now, the sales of these subsidiaries per se may not be huge news. The $65 million sum is so small it wouldn't even offset the losses 3D as a whole has incurred over the past 12 months. Rather, these sales are important for two other reasons:
First, the cash raised by these sales will mean that 3D doesn't need to issue and sell additional stock (diluting investors) -- at least not in the fourth quarter. And second, 3D describes the sales as "part of the company's announced reorganization and restructuring plan, designed to focus the company on its strategic purpose as the leaders in enabling additive manufacturing solutions for applications in growing markets that demand high-reliability products" (emphasis added).
Image source: Getty Images.
Now what
According to analysts at Craig-Hallum, who predicted this move (or something like it) early last month, those words "part of" could loom increasingly important as the sales of Cimatron and GibbsCamm become just "the first of many" catalysts unlocking value in 3D Systems stock. In conjunction with upcoming earnings results that C-H predicts will be "solid," the analyst remains enthusiastic about 3D shares, rating them a buy with an $11 price target that implies 77% profit from today's prices.
Will 3D hit that lofty goal? The company reports earnings just two days from now, on Nov. 5. Tune in and find out.
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*Stock Advisor returns as of October 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Additive manufacturing machine-maker 3D Systems (NYSE: DDD) is selling some subsidiaries and 3D Systems shares are flying higher this morning. In early trading Tuesday, 3D Systems stock recorded nearly a 10% gain before retreating to about a 8.6% rise as of 10:05 a.m. EST. And second, 3D describes the sales as "part of the company's announced reorganization and restructuring plan, designed to focus the company on its strategic purpose as the leaders in enabling additive manufacturing solutions for applications in growing markets that demand high-reliability products" (emphasis added).
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What happened Additive manufacturing machine-maker 3D Systems (NYSE: DDD) is selling some subsidiaries and 3D Systems shares are flying higher this morning. Rather, these sales are important for two other reasons: First, the cash raised by these sales will mean that 3D doesn't need to issue and sell additional stock (diluting investors) -- at least not in the fourth quarter. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
|
What happened Additive manufacturing machine-maker 3D Systems (NYSE: DDD) is selling some subsidiaries and 3D Systems shares are flying higher this morning. Rather, these sales are important for two other reasons: First, the cash raised by these sales will mean that 3D doesn't need to issue and sell additional stock (diluting investors) -- at least not in the fourth quarter. Now what According to analysts at Craig-Hallum, who predicted this move (or something like it) early last month, those words "part of" could loom increasingly important as the sales of Cimatron and GibbsCamm become just "the first of many" catalysts unlocking value in 3D Systems stock.
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What happened Additive manufacturing machine-maker 3D Systems (NYSE: DDD) is selling some subsidiaries and 3D Systems shares are flying higher this morning. So what So what exactly is 3D Systems selling, and why are investors interpreting the sales as good news? After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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564a97bc-50db-41fe-8a5e-999d2e5cb53a
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716718.0
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2020-11-02 00:00:00 UTC
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3 Stocks to Avoid This Week
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DDD
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https://www.nasdaq.com/articles/3-stocks-to-avoid-this-week-2020-11-02
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nan
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nan
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I took a look at three stocks to avoid last week, predicting that fuboTV (NYSE: FUBO), Texas Roadhouse (NASDAQ: TXRH), and Dunkin' Brands (NASDAQ: DNKN) were in for a rough few days. I fell short.
FuboTV closed the week exactly where it started. I thought the fast-growing international sports streaming platform would be vulnerable after its recent surge. Taking advantage of its good fortune, fuboTV filed to sell 9.9 million shares at the end of the trading week, so I may have been a week early on this call.
Texas Roadhouse declined 3%. The casual-steakhouse chain posted better-than-expected sales and earnings in its quarterly report. Comps did slip 6.5%, but the metric improved as the quarter played out, clocking in nearly flat for September.
Dunkin' Brands moved 12% higher. My timing was lousy. I wrote last week's piece shortly because the doughnuts-and-coffee chain revealed that it had was in talks to be taken private in an $8.8 billion deal.
The three stocks averaged a 5% climb, a sharp contrast to the S&P's 5.6% decline for the week. I blew it, but let's see if I can get back on track.
For this week, I see 3D Systems (NYSE: DDD), ExxonMobil (NYSE: XOM), and The GEO Group (NYSE: GEO) as vulnerable investments in the near term. Here's why I think these are three stocks to avoid this week.
Image source: Getty Images.
3D Systems
There was a time when 3D printing was all the rave, and 3D Systems was one of the niche's two market darlings. It's a cruel world these days. This will be the third year out of the past five that 3D Systems posts a revenue decline, and you have to go all the way back to 2014 to find the last time it came through with double-digit revenue growth.
3D Systems reports fresh financials on Friday morning, and it's not going to be pretty. Analysts see its loss per share doubling on a 26% revenue drop. Momentum isn't on 3D Systems' side. It posted a larger-than-expected deficit in its previous quarter.
My timing isn't ideal. 3D Systems plunged 26% last week, fueled initially by a negative analyst note -- and then the general market malaise did its worst. It could bounce back even if it's just a bad quarter instead of a terrible report. I still like my chances here, given the disappointing trend over the past few years of 3D printing failing to go mainstream.
ExxonMobil
There are a lot of reasons to be down on ExxonMobil these days. COVID-19 cases are spiking again worldwide, so we might face lockdowns in the future -- as we're seeing in Europe now -- absent a coronavirus vaccine. Your car doesn't get very thirsty when it's parked in front of your house most of the time.
Let's also talk about Tuesday. Most polls suggest that former Vice President Joe Biden will emerge victorious on Election Day, and he's made it clear that he wants to reduce the country's reliance on fossil fuels. With more incentives likely on the way to spur cleaner energy solutions, the already dimming prospects for ExxonMobil will get even dimmer.
A caveat is that ExxonMobil's 10.6% yield is going to prove magnetic if volatility is in the air this week. The payout isn't sustainable. Analysts don't see earnings covering its dividend until 2024, and -- spoiler alert -- the bottom line isn't likely to look as good as Wall Street thinks it will by then. ExxonMobil may hold up better than the general market if this past week's sell-off spills over into the new week, but it's also easy to see why investors will not want to own ExxonMobil if the election results play out as many expect.
The GEO Group
If you're looking for a stock that will fare fundamentally worse under a Biden presidency, it's hard to top The GEO Group. The operator of private prisons and other detention centers is going to be on borrowed time if Biden wins the White House.
The GEO Group commands an even larger yield than ExxonMobil, but it's also even less sustainable. It posted mixed financial results on Thursday. Revenue fell harder than expected, but funds from operations clocked in ahead of Wall Street targets. The GEO Group thinks it's been a victim of political rhetoric and a mischaracterization of its role as a government services provider. However, it hasn't been all that hot under President Trump either, with revenue growing by no more than 6% in any of the past four years.
If you're looking for safe stocks, you aren't likely to find them in 3D Systems, ExxonMobil, or The GEO Group this week.
10 stocks we like better than ExxonMobil
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and ExxonMobil wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2020
Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Texas Roadhouse. The Motley Fool recommends 3D Systems and Dunkin' Brands Group. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For this week, I see 3D Systems (NYSE: DDD), ExxonMobil (NYSE: XOM), and The GEO Group (NYSE: GEO) as vulnerable investments in the near term. 3D Systems plunged 26% last week, fueled initially by a negative analyst note -- and then the general market malaise did its worst. Most polls suggest that former Vice President Joe Biden will emerge victorious on Election Day, and he's made it clear that he wants to reduce the country's reliance on fossil fuels.
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For this week, I see 3D Systems (NYSE: DDD), ExxonMobil (NYSE: XOM), and The GEO Group (NYSE: GEO) as vulnerable investments in the near term. I took a look at three stocks to avoid last week, predicting that fuboTV (NYSE: FUBO), Texas Roadhouse (NASDAQ: TXRH), and Dunkin' Brands (NASDAQ: DNKN) were in for a rough few days. The Motley Fool recommends 3D Systems and Dunkin' Brands Group.
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For this week, I see 3D Systems (NYSE: DDD), ExxonMobil (NYSE: XOM), and The GEO Group (NYSE: GEO) as vulnerable investments in the near term. ExxonMobil may hold up better than the general market if this past week's sell-off spills over into the new week, but it's also easy to see why investors will not want to own ExxonMobil if the election results play out as many expect. If you're looking for safe stocks, you aren't likely to find them in 3D Systems, ExxonMobil, or The GEO Group this week.
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For this week, I see 3D Systems (NYSE: DDD), ExxonMobil (NYSE: XOM), and The GEO Group (NYSE: GEO) as vulnerable investments in the near term. I took a look at three stocks to avoid last week, predicting that fuboTV (NYSE: FUBO), Texas Roadhouse (NASDAQ: TXRH), and Dunkin' Brands (NASDAQ: DNKN) were in for a rough few days. This will be the third year out of the past five that 3D Systems posts a revenue decline, and you have to go all the way back to 2014 to find the last time it came through with double-digit revenue growth.
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716719.0
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2020-10-26 00:00:00 UTC
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Why Shares of 3D Systems Plunged 17.1% on Monday
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DDD
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https://www.nasdaq.com/articles/why-shares-of-3d-systems-plunged-17.1-on-monday-2020-10-26
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What happened
Shares of 3D printing company 3D Systems (NYSE: DDD) fell as much as 17.1% in trading Monday after a negative note came out from an analyst. Shares slid throughout the day and closed down 16.8% for the day.
So what
The culprit of the move was William Blair analyst Brian Drab, who questioned the rally 3D Systems' shares have experienced over the past month. Shares were up 46% in a month going into today, and it appears that a Tesla job posting related to 3D printing and a strong earnings report from Align Technologies had growth stock investors piling into the stock.
Image source: Getty Images.
Whether Tesla or Align Technologies uses 3D Systems' printers or services, this is business as usual and nothing to get too excited about. It isn't as if Tesla is building 3D printed cars and Align is a longtime customer.
Now what
Sometimes a good story can lead to a lot of hype in a stock, and that appears to be what happened with 3D Systems over the past month. But the reality is that the company's revenue is dropping, and it's losing money year after year. Until the company can turn around its operations, I don't see a reason to buy a dip in the stock. 3D printing may have a bright future, but the industry has proven over and over again that the benefits aren't going to the 3D printer manufacturers themselves.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2020
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Align Technology and Tesla. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D printing company 3D Systems (NYSE: DDD) fell as much as 17.1% in trading Monday after a negative note came out from an analyst. So what The culprit of the move was William Blair analyst Brian Drab, who questioned the rally 3D Systems' shares have experienced over the past month. Now what Sometimes a good story can lead to a lot of hype in a stock, and that appears to be what happened with 3D Systems over the past month.
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What happened Shares of 3D printing company 3D Systems (NYSE: DDD) fell as much as 17.1% in trading Monday after a negative note came out from an analyst. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool owns shares of and recommends Align Technology and Tesla.
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What happened Shares of 3D printing company 3D Systems (NYSE: DDD) fell as much as 17.1% in trading Monday after a negative note came out from an analyst. Shares were up 46% in a month going into today, and it appears that a Tesla job posting related to 3D printing and a strong earnings report from Align Technologies had growth stock investors piling into the stock. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Shares of 3D printing company 3D Systems (NYSE: DDD) fell as much as 17.1% in trading Monday after a negative note came out from an analyst. Shares were up 46% in a month going into today, and it appears that a Tesla job posting related to 3D printing and a strong earnings report from Align Technologies had growth stock investors piling into the stock. That's right -- they think these 10 stocks are even better buys.
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21a39a09-4820-463a-b86c-bf145656e765
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716720.0
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2020-10-26 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Kroger, Carnival, Silvergate
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-kroger-carnival-silvergate-2020-10-26
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
Wall Street's indexes fell sharply on Monday as soaring coronavirus cases and a deadlock in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election.N
At 11:07 a.m. ET, the Dow Jones Industrial Average .DJI was down 2.33% at 27,674.18. The S&P 500 .SPX was down 1.61% at 3,409.55 and the Nasdaq Composite .IXIC was down 1.48% at 11,377.294. The top three S&P 500 .PG.INX percentage gainers: ** Abbott Laboratories , up 0.9 % ** American Electric Power Company Inc. , up 0.8 % ** Kroger Co , up 0.6 % The top three S&P 500 .PL.INX percentage losers: ** Royal Caribbean Cruises Ltd., down 9.8 % ** Hasbro Inc , down 9.7 % ** Carnival Corp , down 9.5 % The top three NYSE .PG.N percentage gainers: ** Document Security Systems Inc, up 36.5 % ** Silvergate Capital Corp., up 10.1 % ** ProShares Ultra VIX Short-Term Futures ETF, up 9.8 % The top three NYSE .PL.N percentage losers: ** Sap Ae Drc , down 22.7 % ** Cenovus Enrg , down 14.3 % ** 3D Systems Corp , down 13.6 % The top three Nasdaq .PG.O percentage gainers: ** Muscle Maker Inc , up 41.8 % ** Lianluo Smart Ltd,, up 31.8 % ** Galera Therapeutics Inc , up 18.2 % The top three Nasdaq .PL.O percentage losers: ** BioSig Technologies Inc , down 38.8 % ** BiondVax Pharmaceuticals Ltd , down 24.9 % ** Revolution Medicines Inc , down 19 % ** Exxon Mobil Corp XOM.N down 3.2%
** Chevron Corp CVX.N down 2.4%
** Schlumberger NV SLB.N down 2.9%
** Halliburton Co HAL.N down 3.9%
** Pioneer Natural Resources PXD.N down 2.7%
** Occidental Petroleum OXY.N down 4.9%
** Marathon Oil MRO.N down 6.1%
** Callon Petroleum CPE.N down 7.7%
BUZZ-Energy firms fall as crude prices drop on COVID-19 demand concerns
** Titan Pharma TTNP.O : up 16.1% BUZZ-Titan Pharma: Surges after settling debt of $5.2 mln
** Microsoft MSFT.O: down 1.9% ** Amazon.com AMZN.O: up 0.3% ** Alphabet Inc GOOGL.O : down 2.0% ** International Business Machines IBM.N:down 2.6% ** Oracle Corp ORCL.N: down 5.4%
**Salesforce.com CRM.N: down 3.7% BUZZ-Tech cos fall after SAP scraps medium-term margin goals
** Raytheon Co RTX.N: down 4.1% BUZZ-U.S. weapons makers dip after China to impose sanctions over Taiwan arms sales ** Advanced Micro Devices Inc AMD.O: up 0.6% BUZZ-Advanced Micro Devices: Susquehanna raises PT on strong Q3 hopes ** Apple Inc AAPL.O: down 0.2% BUZZ-Apple Inc: Citi Research sees upside from strength in Macs, iPads
** Mid-Con Energy Partners LP MCEP.O: up 15.9% BUZZ-Mid-Con Energy Partners: Surges on merger deal with Contango Oil & Gas
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 1.73%
Consumer Discretionary
.SPLRCD
down 1.41%
Consumer Staples
.SPLRCS
down 1.60%
Energy
.SPNY
down 3.32%
Financial
.SPSY
down 2.50%
Health
.SPXHC
down 1.62%
Industrial
.SPLRCI
down 2.74%
Information Technology
.SPLRCT
down 1.91%
Materials
.SPLRCM
down 2.50%
Real Estate
.SPLRCR
down 1.97%
Utilities
.SPLRCU
down 1.21%
(Compiled by Rithika Krishna)
((rithika.krishna@thomsonreuters.com))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's indexes fell sharply on Monday as soaring coronavirus cases and a deadlock in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election.N At 11:07 a.m. The top three S&P 500 .PG.INX percentage gainers: ** Abbott Laboratories , up 0.9 % ** American Electric Power Company Inc. , up 0.8 % ** Kroger Co , up 0.6 % The top three S&P 500 .PL.INX percentage losers: ** Royal Caribbean Cruises Ltd., down 9.8 % ** Hasbro Inc , down 9.7 % ** Carnival Corp , down 9.5 % The top three NYSE .PG.N percentage gainers: ** Document Security Systems Inc, up 36.5 % ** Silvergate Capital Corp., up 10.1 % ** ProShares Ultra VIX Short-Term Futures ETF, up 9.8 % The top three NYSE .PL.N percentage losers: ** Sap Ae Drc , down 22.7 % ** Cenovus Enrg , down 14.3 % ** 3D Systems Corp , down 13.6 % The top three Nasdaq .PG.O percentage gainers: ** Muscle Maker Inc , up 41.8 % ** Lianluo Smart Ltd,, up 31.8 % ** Galera Therapeutics Inc , up 18.2 % The top three Nasdaq .PL.O percentage losers: ** BioSig Technologies Inc , down 38.8 % ** BiondVax Pharmaceuticals Ltd , down 24.9 % ** Revolution Medicines Inc , down 19 % ** Exxon Mobil Corp XOM.N down 3.2% ** Chevron Corp CVX.N down 2.4% ** Schlumberger NV SLB.N down 2.9% ** Halliburton Co HAL.N down 3.9% ** Pioneer Natural Resources PXD.N down 2.7% ** Occidental Petroleum OXY.N down 4.9% ** Marathon Oil MRO.N down 6.1% ** Callon Petroleum CPE.N down 7.7% BUZZ-Energy firms fall as crude prices drop on COVID-19 demand concerns ** Titan Pharma TTNP.O : up 16.1% BUZZ-Titan Pharma: Surges after settling debt of $5.2 mln ** Microsoft MSFT.O: down 1.9% ** Amazon.com AMZN.O: up 0.3% ** Alphabet Inc GOOGL.O : down 2.0% ** International Business Machines IBM.N:down 2.6% ** Oracle Corp ORCL.N: down 5.4% **Salesforce.com CRM.N: down 3.7% BUZZ-Tech cos fall after SAP scraps medium-term margin goals ** Raytheon Co RTX.N: down 4.1% BUZZ-U.S. weapons makers dip after China to impose sanctions over Taiwan arms sales ** Advanced Micro Devices Inc AMD.O: up 0.6% BUZZ-Advanced Micro Devices: Susquehanna raises PT on strong Q3 hopes ** Apple Inc AAPL.O: down 0.2% BUZZ-Apple Inc: Citi Research sees upside from strength in Macs, iPads ** Mid-Con Energy Partners LP MCEP.O: up 15.9% BUZZ-Mid-Con Energy Partners: Surges on merger deal with Contango Oil & Gas The 11 major S&P 500 sectors: Communication Services down 1.21% (Compiled by Rithika Krishna) ((rithika.krishna@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's indexes fell sharply on Monday as soaring coronavirus cases and a deadlock in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election.N At 11:07 a.m. The top three S&P 500 .PG.INX percentage gainers: ** Abbott Laboratories , up 0.9 % ** American Electric Power Company Inc. , up 0.8 % ** Kroger Co , up 0.6 % The top three S&P 500 .PL.INX percentage losers: ** Royal Caribbean Cruises Ltd., down 9.8 % ** Hasbro Inc , down 9.7 % ** Carnival Corp , down 9.5 % The top three NYSE .PG.N percentage gainers: ** Document Security Systems Inc, up 36.5 % ** Silvergate Capital Corp., up 10.1 % ** ProShares Ultra VIX Short-Term Futures ETF, up 9.8 % The top three NYSE .PL.N percentage losers: ** Sap Ae Drc , down 22.7 % ** Cenovus Enrg , down 14.3 % ** 3D Systems Corp , down 13.6 % The top three Nasdaq .PG.O percentage gainers: ** Muscle Maker Inc , up 41.8 % ** Lianluo Smart Ltd,, up 31.8 % ** Galera Therapeutics Inc , up 18.2 % The top three Nasdaq .PL.O percentage losers: ** BioSig Technologies Inc , down 38.8 % ** BiondVax Pharmaceuticals Ltd , down 24.9 % ** Revolution Medicines Inc , down 19 % ** Exxon Mobil Corp XOM.N down 3.2% ** Chevron Corp CVX.N down 2.4% ** Schlumberger NV SLB.N down 2.9% ** Halliburton Co HAL.N down 3.9% ** Pioneer Natural Resources PXD.N down 2.7% ** Occidental Petroleum OXY.N down 4.9% ** Marathon Oil MRO.N down 6.1% ** Callon Petroleum CPE.N down 7.7% BUZZ-Energy firms fall as crude prices drop on COVID-19 demand concerns ** Titan Pharma TTNP.O : up 16.1% BUZZ-Titan Pharma: Surges after settling debt of $5.2 mln ** Microsoft MSFT.O: down 1.9% ** Amazon.com AMZN.O: up 0.3% ** Alphabet Inc GOOGL.O : down 2.0% ** International Business Machines IBM.N:down 2.6% ** Oracle Corp ORCL.N: down 5.4% **Salesforce.com CRM.N: down 3.7% BUZZ-Tech cos fall after SAP scraps medium-term margin goals ** Raytheon Co RTX.N: down 4.1% BUZZ-U.S. weapons makers dip after China to impose sanctions over Taiwan arms sales ** Advanced Micro Devices Inc AMD.O: up 0.6% BUZZ-Advanced Micro Devices: Susquehanna raises PT on strong Q3 hopes ** Apple Inc AAPL.O: down 0.2% BUZZ-Apple Inc: Citi Research sees upside from strength in Macs, iPads ** Mid-Con Energy Partners LP MCEP.O: up 15.9% BUZZ-Mid-Con Energy Partners: Surges on merger deal with Contango Oil & Gas The 11 major S&P 500 sectors: Communication Services down 1.21% (Compiled by Rithika Krishna) ((rithika.krishna@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's indexes fell sharply on Monday as soaring coronavirus cases and a deadlock in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election.N At 11:07 a.m. ET, the Dow Jones Industrial Average .DJI was down 2.33% at 27,674.18. The top three S&P 500 .PG.INX percentage gainers: ** Abbott Laboratories , up 0.9 % ** American Electric Power Company Inc. , up 0.8 % ** Kroger Co , up 0.6 % The top three S&P 500 .PL.INX percentage losers: ** Royal Caribbean Cruises Ltd., down 9.8 % ** Hasbro Inc , down 9.7 % ** Carnival Corp , down 9.5 % The top three NYSE .PG.N percentage gainers: ** Document Security Systems Inc, up 36.5 % ** Silvergate Capital Corp., up 10.1 % ** ProShares Ultra VIX Short-Term Futures ETF, up 9.8 % The top three NYSE .PL.N percentage losers: ** Sap Ae Drc , down 22.7 % ** Cenovus Enrg , down 14.3 % ** 3D Systems Corp , down 13.6 % The top three Nasdaq .PG.O percentage gainers: ** Muscle Maker Inc , up 41.8 % ** Lianluo Smart Ltd,, up 31.8 % ** Galera Therapeutics Inc , up 18.2 % The top three Nasdaq .PL.O percentage losers: ** BioSig Technologies Inc , down 38.8 % ** BiondVax Pharmaceuticals Ltd , down 24.9 % ** Revolution Medicines Inc , down 19 % ** Exxon Mobil Corp XOM.N down 3.2% ** Chevron Corp CVX.N down 2.4% ** Schlumberger NV SLB.N down 2.9% ** Halliburton Co HAL.N down 3.9% ** Pioneer Natural Resources PXD.N down 2.7% ** Occidental Petroleum OXY.N down 4.9% ** Marathon Oil MRO.N down 6.1% ** Callon Petroleum CPE.N down 7.7% BUZZ-Energy firms fall as crude prices drop on COVID-19 demand concerns ** Titan Pharma TTNP.O : up 16.1% BUZZ-Titan Pharma: Surges after settling debt of $5.2 mln ** Microsoft MSFT.O: down 1.9% ** Amazon.com AMZN.O: up 0.3% ** Alphabet Inc GOOGL.O : down 2.0% ** International Business Machines IBM.N:down 2.6% ** Oracle Corp ORCL.N: down 5.4% **Salesforce.com CRM.N: down 3.7% BUZZ-Tech cos fall after SAP scraps medium-term margin goals ** Raytheon Co RTX.N: down 4.1% BUZZ-U.S. weapons makers dip after China to impose sanctions over Taiwan arms sales ** Advanced Micro Devices Inc AMD.O: up 0.6% BUZZ-Advanced Micro Devices: Susquehanna raises PT on strong Q3 hopes ** Apple Inc AAPL.O: down 0.2% BUZZ-Apple Inc: Citi Research sees upside from strength in Macs, iPads ** Mid-Con Energy Partners LP MCEP.O: up 15.9% BUZZ-Mid-Con Energy Partners: Surges on merger deal with Contango Oil & Gas The 11 major S&P 500 sectors: Communication Services
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Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's indexes fell sharply on Monday as soaring coronavirus cases and a deadlock in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election.N At 11:07 a.m. ET, the Dow Jones Industrial Average .DJI was down 2.33% at 27,674.18. The S&P 500 .SPX was down 1.61% at 3,409.55 and the Nasdaq Composite .IXIC was down 1.48% at 11,377.294.
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716721.0
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2020-10-26 00:00:00 UTC
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Proto Labs to Kick Off 3D Printing Earnings Season: What to Watch
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DDD
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https://www.nasdaq.com/articles/proto-labs-to-kick-off-3d-printing-earnings-season%3A-what-to-watch-2020-10-26
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nan
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Proto Labs (NYSE: PRLB), a quick-turn, internet-enabled contract manufacturer, is slated to report its third-quarter results before the market open on Thursday. Itsearnings conference callwill begin at 8:30 a.m. EDT that day.
As it traditionally does, the company (which offers both traditional manufacturing and 3D printing services) will kick off earnings season for the 3D printing space. The two largest pure-play 3D printing companies, 3D Systems and Stratasys, are scheduled to release their results on Nov. 5 and Nov. 12, respectively. (Here are earnings previews for 3D Systems and Stratasys.)
Investors' expectations for Proto Labs will likely be modest. Its results for the first and second quarters were hurt by the COVID-19 pandemic, when many of its industrial sector customers were temporarily closed or not operating at full capacity. However, year to date through Friday, Proto Labs stock was up 35.2%, compared with the S&P 500's 8.9% gain.
Image source: Proto Labs.
Key numbers
METRIC
Q3 2019 RESULT
Q3 2020 CONSENSUS ESTIMATE
PROJECTED CHANGE
Revenue
$117.5 million
$104.9 million
(11%)
Adjusted earnings per share (EPS)
$0.76
$0.53
(30%)
Data sources: Proto Labs and Yahoo! Finance.
Management guided for third-quarter revenue between $98 million and $110 million. This range is quite wide due to the "ongoing uncertainty related to COVID-19," CFO John Way said on last quarter'searnings call
For context, in the second quarter, Proto Labs' revenue fell 8.1% year over year to $106.6 million. The company's Americas business, which accounted for 81% of its total revenue, held up quite well, with revenue declining just 4.7% year over year. Adjusted EPS landed at $0.59, down 17% year over year. Those results easily beat Wall Street's consensus estimates for adjusted EPS of $0.36 on revenue of $100.5 million.
While the pandemic has presented challenges, it also has provided companies with opportunities, as CEO Vicki Holt discussed on last quarter'searnings call
A crisis like the COVID-19 pandemic provides an opportunity for Proto Labs to demonstrate the value our digital business model can provide. Our purpose is to accelerate innovation from development through commercialization and we've been able to deliver on that purpose during this crisis. [...] To date, we've manufactured and shipped over 8 million parts to be incorporated into products responding to COVID-19 at many different medical-related customers, resulting in $12 million of revenue recognized in the second quarter.
Fourth-quarter guidance
The stock market is a forward-looking machine, so its reaction to Proto Labs' earnings release will probably hinge more on the company's Q4 guidance than its Q3 results, and how it compares to Wall Street's expectations.
For Q4, analysts are modeling for adjusted EPS of $0.50 on revenue of $107.6 million, representing year-over-year declines of 21% and 4%, respectively.
10 stocks we like better than Proto Labs
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Proto Labs (NYSE: PRLB), a quick-turn, internet-enabled contract manufacturer, is slated to report its third-quarter results before the market open on Thursday. Its results for the first and second quarters were hurt by the COVID-19 pandemic, when many of its industrial sector customers were temporarily closed or not operating at full capacity. Those results easily beat Wall Street's consensus estimates for adjusted EPS of $0.36 on revenue of $100.5 million.
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Revenue $117.5 million $104.9 million (11%) Adjusted earnings per share (EPS) $0.76 $0.53 (30%) Data sources: Proto Labs and Yahoo! Those results easily beat Wall Street's consensus estimates for adjusted EPS of $0.36 on revenue of $100.5 million. While the pandemic has presented challenges, it also has provided companies with opportunities, as CEO Vicki Holt discussed on last quarter'searnings call A crisis like the COVID-19 pandemic provides an opportunity for Proto Labs to demonstrate the value our digital business model can provide.
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Revenue $117.5 million $104.9 million (11%) Adjusted earnings per share (EPS) $0.76 $0.53 (30%) Data sources: Proto Labs and Yahoo! This range is quite wide due to the "ongoing uncertainty related to COVID-19," CFO John Way said on last quarter'searnings call For context, in the second quarter, Proto Labs' revenue fell 8.1% year over year to $106.6 million. Fourth-quarter guidance The stock market is a forward-looking machine, so its reaction to Proto Labs' earnings release will probably hinge more on the company's Q4 guidance than its Q3 results, and how it compares to Wall Street's expectations.
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However, year to date through Friday, Proto Labs stock was up 35.2%, compared with the S&P 500's 8.9% gain. Revenue $117.5 million $104.9 million (11%) Adjusted earnings per share (EPS) $0.76 $0.53 (30%) Data sources: Proto Labs and Yahoo! [...] To date, we've manufactured and shipped over 8 million parts to be incorporated into products responding to COVID-19 at many different medical-related customers, resulting in $12 million of revenue recognized in the second quarter.
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4c52481f-b107-484f-9d9c-5dec8403b339
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716722.0
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2020-10-23 00:00:00 UTC
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Stratasys Earnings: What to Watch
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DDD
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https://www.nasdaq.com/articles/stratasys-earnings%3A-what-to-watch-2020-10-23
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nan
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nan
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Stratasys (NASDAQ: SSYS) is slated to report its third-quarter 2020 results before the market open on Thursday, Nov. 12. Its conference call with analysts is scheduled to follow at 8:30 a.m. EDT.
Investors will likely be approaching the 3D printing company's report with relatively low expectations. Last quarter, it missed Wall Street's expectations for revenue, but exceeded the consensus estimate for the bottom line.
The coronavirus pandemic hurt Stratasys' first- and second-quarter results, largely because many of its industrial sector customers were temporarily closed to slow the spread of the virus. But along with rival 3D Systems (NYSE: DDD), Stratasys had been struggling to grow revenue for some time before the global crisis began. (3D Systems is scheduled to report its Q3 results on Nov. 5.)
In 2020, Stratasys stock is down 23.1% through Oct. 22, while the S&P 500 has returned 8.5%.
Here's what to watch in Stratasys' Q3 report.
A 3D printer at work. Image source: Getty Images.
Key numbers
Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q3 2019 RESULT
WALL STREET'S Q3 2020 CONSENSUS ESTIMATE WALL STREET'S PROJECTED CHANGE YOY
Revenue
$157.5 million
$121.7 million
(23%)
Adjusted earnings per share (loss)
$0.12
($0.06)
Result expected to flip to negative from positive.
Data sources: Stratasys and Yahoo! Finance. YOY = year over year.
As a point of comparison, Wall Street is projecting that 3D Systems' third-quarter revenue will decline 26% year over year, and that its adjusted loss per share will widen 100% to $0.08.
For additional context, in the second quarter, Stratasys' revenue fell 28% year over year to $117.6 million. Adjusted for one-time items, it posted a loss per share of $0.13, down from earnings per share of $0.16 in the year-ago period.
3D printer and material sales
Along with the headline numbers, investors should continue to focus on sales of 3D printers and print materials. This data reflects how well the company's razor-and-blade business strategy is working. Sales of 3D printers (the "razors") are ultra-important because they drive sales of print materials (the "blades"), which have high profit margins.
In other words, 3D printer sales are a leading indicator of sorts. We likely need to see an improvement in machine sales before we'll see a notable and sustainable improvement in the bottom line. Granted, Stratasys has been doing a very good job cutting costs, which helps bottom-line performance, but cost-cutting to drive earnings growth (or limit net losses, as is the case here) is not sustainable over the long term.
Last quarter, Stratasys' 3D printer revenue dropped 36% year over year, and print materials revenue fell 31%.
Again, Stratasys is scheduled to report its Q3 results before the market open on Thursday, Nov. 12.
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*Stock Advisor returns as of October 20, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But along with rival 3D Systems (NYSE: DDD), Stratasys had been struggling to grow revenue for some time before the global crisis began. The coronavirus pandemic hurt Stratasys' first- and second-quarter results, largely because many of its industrial sector customers were temporarily closed to slow the spread of the virus. Granted, Stratasys has been doing a very good job cutting costs, which helps bottom-line performance, but cost-cutting to drive earnings growth (or limit net losses, as is the case here) is not sustainable over the long term.
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But along with rival 3D Systems (NYSE: DDD), Stratasys had been struggling to grow revenue for some time before the global crisis began. Revenue $157.5 million $121.7 million (23%) Adjusted earnings per share (loss) $0.12 ($0.06) Result expected to flip to negative from positive. As a point of comparison, Wall Street is projecting that 3D Systems' third-quarter revenue will decline 26% year over year, and that its adjusted loss per share will widen 100% to $0.08.
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But along with rival 3D Systems (NYSE: DDD), Stratasys had been struggling to grow revenue for some time before the global crisis began. As a point of comparison, Wall Street is projecting that 3D Systems' third-quarter revenue will decline 26% year over year, and that its adjusted loss per share will widen 100% to $0.08. For additional context, in the second quarter, Stratasys' revenue fell 28% year over year to $117.6 million.
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But along with rival 3D Systems (NYSE: DDD), Stratasys had been struggling to grow revenue for some time before the global crisis began. Last quarter, it missed Wall Street's expectations for revenue, but exceeded the consensus estimate for the bottom line. (3D Systems is scheduled to report its Q3 results on Nov.
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b16f3285-f73c-410f-857a-dcafdd6fbe4f
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716723.0
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2020-10-22 00:00:00 UTC
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Why 3D Systems Stock Just Popped 13% Ahead of Earnings
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-just-popped-13-ahead-of-earnings-2020-10-22
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nan
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nan
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What happened
Additive manufacturing specialist 3D Systems (NYSE: DDD) isn't due to report its next crop of earnings for another couple of weeks -- Nov. 5, to be precise. Despite earnings being only barely on the horizon, though, and in the absence of any other news directly affecting the stock, 3D Systems shares jumped as much as 14% earlier today, and remain up 13.5% here at the 3:35 p.m. EDT mark.
Why the sudden jump?
Image source: Getty Images.
So what
Lacking any more obvious catalysts, my best guess at this point is that 3D stock is reacting positively to earnings news out of Tesla (NASDAQ: TSLA), which last night reported both impressive free cash flow and also strong sales growth of 39% year over year.
Tesla, as you may have heard, was recently spotted hiring technician(s) to operate its 3D printing equipment, and confiding that this aspect of its manufacturing operations is "rapidly growing."
Now what
Now, this doesn't necessarily mean that Tesla is doing more business with 3D printer-maker 3D Systems, in particular. Today's share price spike at 3D Systems could be entirely an overreaction -- or a reaction to some other news (of which I'm unaware) that's ongoing.
But it's recently been brought to my attention (thanks, dear reader!) that at least one of Tesla's R&D prototyping managers is a former SLS applications engineer at 3D Systems, which may suggest an affinity for that company's products within Tesla.
As far as supporting a buy thesis goes, this one is a rather thin straw -- and I'm not at all convinced it suffices to justify a near-14% spike in 3D Systems' share price today. Then again, maybe next month's earnings report will show us something more substantial.
10 stocks we like better than 3D Systems
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Tesla. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Additive manufacturing specialist 3D Systems (NYSE: DDD) isn't due to report its next crop of earnings for another couple of weeks -- Nov. 5, to be precise. Despite earnings being only barely on the horizon, though, and in the absence of any other news directly affecting the stock, 3D Systems shares jumped as much as 14% earlier today, and remain up 13.5% here at the 3:35 p.m. EDT mark. As far as supporting a buy thesis goes, this one is a rather thin straw -- and I'm not at all convinced it suffices to justify a near-14% spike in 3D Systems' share price today.
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What happened Additive manufacturing specialist 3D Systems (NYSE: DDD) isn't due to report its next crop of earnings for another couple of weeks -- Nov. 5, to be precise. Today's share price spike at 3D Systems could be entirely an overreaction -- or a reaction to some other news (of which I'm unaware) that's ongoing. As far as supporting a buy thesis goes, this one is a rather thin straw -- and I'm not at all convinced it suffices to justify a near-14% spike in 3D Systems' share price today.
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What happened Additive manufacturing specialist 3D Systems (NYSE: DDD) isn't due to report its next crop of earnings for another couple of weeks -- Nov. 5, to be precise. Despite earnings being only barely on the horizon, though, and in the absence of any other news directly affecting the stock, 3D Systems shares jumped as much as 14% earlier today, and remain up 13.5% here at the 3:35 p.m. EDT mark. So what Lacking any more obvious catalysts, my best guess at this point is that 3D stock is reacting positively to earnings news out of Tesla (NASDAQ: TSLA), which last night reported both impressive free cash flow and also strong sales growth of 39% year over year.
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What happened Additive manufacturing specialist 3D Systems (NYSE: DDD) isn't due to report its next crop of earnings for another couple of weeks -- Nov. 5, to be precise. Now what Now, this doesn't necessarily mean that Tesla is doing more business with 3D printer-maker 3D Systems, in particular. That's right -- they think these 10 stocks are even better buys.
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93ba1f02-06d9-4666-a6a3-13082c69a538
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716724.0
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2020-10-22 00:00:00 UTC
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3D Systems Earnings: What to Watch on Nov. 5
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-what-to-watch-on-nov.-5-2020-10-22
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nan
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nan
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3D Systems (NYSE: DDD) is slated to report its third-quarter 2020 results after the market closes on Thursday, Nov. 5. Its analyst conference call is scheduled for the following day at 10 a.m. ET.
Investors are probably approaching the 3D-printing company's report with some trepidation. Last quarter, 3D Systems missed Wall Street's expectations for both the top and bottom lines. The COVID-19 pandemic has been hurting 2020 results, but the company had been struggling to grow revenue before the global crisis began.
In 2020, shares are down 18.4% through Oct. 20, while the S&P 500 has returned 8.2% over this period.
Here's what to watch when 3D Systems reports.
Image source: Getty Images.
Key numbers
Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q3 2019 RESULT
WALL STREET'S Q3 2020 CONSENSUS ESTIMATES WALL STREET'S PROJECTED CHANGE YOY
Revenue
$155.3 million
$114.7 million
(26%)
Adjusted earnings per share (EPS)
($0.04)
($0.08)
Loss expected to widen 100%
Data sources: 3D Systems and Yahoo! Finance. YOY = year over year.
For context, in the second quarter, revenue fell 29% year over year to $112.1 million, driven heavily by a slowdown in demand from industrial customers. That result fell short of the $117.9 million that Wall Street had been expecting. Adjusted for one-time item, net loss per share landed at $0.13, down from a breakeven result in the year-ago period. Analysts had been looking for an adjusted loss per share of $0.10.
Liquidity
3D Systems burned through $69.7 million in cash in the first half of 2020. At the end of the second quarter, it had cash of $63.9 million (and total debt of $21.5 million). So, if the cash-burn rate remained stable, its cash would be gone by year end. (The company could, however, tap its revolving credit facility, which has approximately $24 million available.)
That said, it's seems highly likely the cash-burn rate slowed down in the third quarter. That's because last quarter, the company announced an aggressive restructuring plan aimed at reducing operating expenses by $100 million by the end of 2021. Highlights of this plan include a 20% reduction in the workforce, with most of the layoffs completed by the end of this year; a reduction in the number of facilities; and possible divestitures.
3D printer and material sales
Investors should home in on sales of 3D printers and print materials. That is, assuming management provides this data during theearnings callif asked by analysts.
Before last quarter, this data was provided during the management presentations on theearnings call Last quarter, it was not, with the reason given that the company had restructured its revenue categories into two target verticals, healthcare and industrial.
This development is unfortunate for investors. The two data points that weren't provided last quarter reflect how well the company's razor-and-blade-like strategy is working. Sales of 3D printers (the "razor") are more important than suggested by their contribution to total revenue because they drive future sales of print materials (the "blades"), which sport high margins.
Tread carefully
3D Systems stock is best suited to speculative investors. There is no guarantee the company's turnaround will be successful. For less speculative investors, Proto Labs stock remains the better way to bet on the growth of 3D printing.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of September 24, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) is slated to report its third-quarter 2020 results after the market closes on Thursday, Nov. 5. Key numbers Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks. Adjusted for one-time item, net loss per share landed at $0.13, down from a breakeven result in the year-ago period.
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3D Systems (NYSE: DDD) is slated to report its third-quarter 2020 results after the market closes on Thursday, Nov. 5. Key numbers Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks. Revenue $155.3 million $114.7 million (26%) Adjusted earnings per share (EPS) ($0.04) ($0.08) Loss expected to widen 100% Data sources: 3D Systems and Yahoo!
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3D Systems (NYSE: DDD) is slated to report its third-quarter 2020 results after the market closes on Thursday, Nov. 5. Revenue $155.3 million $114.7 million (26%) Adjusted earnings per share (EPS) ($0.04) ($0.08) Loss expected to widen 100% Data sources: 3D Systems and Yahoo! For context, in the second quarter, revenue fell 29% year over year to $112.1 million, driven heavily by a slowdown in demand from industrial customers.
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3D Systems (NYSE: DDD) is slated to report its third-quarter 2020 results after the market closes on Thursday, Nov. 5. Revenue $155.3 million $114.7 million (26%) Adjusted earnings per share (EPS) ($0.04) ($0.08) Loss expected to widen 100% Data sources: 3D Systems and Yahoo! At the end of the second quarter, it had cash of $63.9 million (and total debt of $21.5 million).
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08c98afb-6f13-460f-af49-989408757373
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716725.0
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2020-10-07 00:00:00 UTC
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Why Tesla Stock Is Up 3% Today, But 3D Systems Stock Jumped 16%
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DDD
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https://www.nasdaq.com/articles/why-tesla-stock-is-up-3-today-but-3d-systems-stock-jumped-16-2020-10-07
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nan
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nan
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What happened
For the second day in a row, shares of 3D Systems (NYSE: DDD) stock are on fire (in a good way), rising 16% in 1:30 p.m. EDT trading. But while yesterday's run-up in share price was easily tracked back to an analyst talking up 3D stock, today's news is a bit more of a "deep track."
Today, it's news out of Tesla (NASDAQ: TSLA) that is pushing 3D Systems stock higher.
Image source: Getty Images.
So what
Specifically, it's a job posting at Tesla in which the electric car maker advertises that it's looking to hire a "highly motivated ... additive manufacturing technician ... to operate SLA/SLS/FDM 3D printing equipment in our rapidly growing Additive Manufacturing operations."
Now, we've known that Tesla was using 3D printing to produce car parts for years. What seems to be new in this announcement is that the company is "rapidly growing" its additive manufacturing operations, more commonly known as 3D printing.
Now what
How big a piece of Tesla's manufacturing 3D printing will become remains to be seen, but Elon Musk's comments about wanting to build cars with single-piece casting speaks to the company's desire to simplify the manufacturing process with fewer parts -- and 3D printing is an ideal way to help do that.
The big question now is whether more 3D printing at Tesla directly implies more purchases of 3D printers and 3D printing materials from 3D Systems, in particular. Personally, I don't see any evidence of that in Tesla's job posting.
Regardless, 3D Systems investors seem to be reading between the lines today...and they like what they see.
10 stocks we like better than Tesla
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Tesla wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of September 24, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Tesla. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened For the second day in a row, shares of 3D Systems (NYSE: DDD) stock are on fire (in a good way), rising 16% in 1:30 p.m. EDT trading. So what Specifically, it's a job posting at Tesla in which the electric car maker advertises that it's looking to hire a "highly motivated ... additive manufacturing technician ... to operate SLA/SLS/FDM 3D printing equipment in our rapidly growing Additive Manufacturing operations." Now what How big a piece of Tesla's manufacturing 3D printing will become remains to be seen, but Elon Musk's comments about wanting to build cars with single-piece casting speaks to the company's desire to simplify the manufacturing process with fewer parts -- and 3D printing is an ideal way to help do that.
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What happened For the second day in a row, shares of 3D Systems (NYSE: DDD) stock are on fire (in a good way), rising 16% in 1:30 p.m. EDT trading. So what Specifically, it's a job posting at Tesla in which the electric car maker advertises that it's looking to hire a "highly motivated ... additive manufacturing technician ... to operate SLA/SLS/FDM 3D printing equipment in our rapidly growing Additive Manufacturing operations." What seems to be new in this announcement is that the company is "rapidly growing" its additive manufacturing operations, more commonly known as 3D printing.
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What happened For the second day in a row, shares of 3D Systems (NYSE: DDD) stock are on fire (in a good way), rising 16% in 1:30 p.m. EDT trading. So what Specifically, it's a job posting at Tesla in which the electric car maker advertises that it's looking to hire a "highly motivated ... additive manufacturing technician ... to operate SLA/SLS/FDM 3D printing equipment in our rapidly growing Additive Manufacturing operations." Now what How big a piece of Tesla's manufacturing 3D printing will become remains to be seen, but Elon Musk's comments about wanting to build cars with single-piece casting speaks to the company's desire to simplify the manufacturing process with fewer parts -- and 3D printing is an ideal way to help do that.
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What happened For the second day in a row, shares of 3D Systems (NYSE: DDD) stock are on fire (in a good way), rising 16% in 1:30 p.m. EDT trading. So what Specifically, it's a job posting at Tesla in which the electric car maker advertises that it's looking to hire a "highly motivated ... additive manufacturing technician ... to operate SLA/SLS/FDM 3D printing equipment in our rapidly growing Additive Manufacturing operations." Now what How big a piece of Tesla's manufacturing 3D printing will become remains to be seen, but Elon Musk's comments about wanting to build cars with single-piece casting speaks to the company's desire to simplify the manufacturing process with fewer parts -- and 3D printing is an ideal way to help do that.
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a5f31725-38b1-4a22-9f90-4a2dac5656e1
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716726.0
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2020-10-06 00:00:00 UTC
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Why 3D Systems Stock Printed a 7.5% Profit Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-printed-a-7.5-profit-today-2020-10-06
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nan
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nan
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What happened
Shares of 3D printer maker 3D Systems (NYSE: DDD) closed 7.6% higher on Tuesday after analysts at Craig-Hallum doubled down on an existing buy rating on the stock, and insisted it is underpriced at just $5 and change. Craig-Hallum even predicted the share price will more than double to $11 within a year.
Image source: Getty Images.
So what
Seen in that context, today's 7.5% rise in share price was actually pretty modest. So why does Craig-Hallum think this stock will double?
According to an article on StreetInsider.com, the analyst sees several near-term catalysts that could unlock shareholder value at 3D. In particular, the firm believes that 3D may be close to selling one or more major noncore assets, which would raise cash and obviate the need to sell stock to remain solvent.
Now what
But that just highlights the fact that 3D is sort of in dire financial straits. In contrast to its nearest rival Stratasys (NASDAQ: SSYS), which is going into this recession cash-rich and financially sound, 3D Systems currently has more debt than cash on its books. And through the first half of this year, it was burning cash at an annualized run rate of more than $56 million, according to S&P Global Market Intelligence.
The sooner 3D gets that fixed, the sooner it will be worth the price target Craig-Hallum has assigned to it.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
Â
*Stock Advisor returns as of September 24, 2020
Â
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) closed 7.6% higher on Tuesday after analysts at Craig-Hallum doubled down on an existing buy rating on the stock, and insisted it is underpriced at just $5 and change. In contrast to its nearest rival Stratasys (NASDAQ: SSYS), which is going into this recession cash-rich and financially sound, 3D Systems currently has more debt than cash on its books. And through the first half of this year, it was burning cash at an annualized run rate of more than $56 million, according to S&P Global Market Intelligence.
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What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) closed 7.6% higher on Tuesday after analysts at Craig-Hallum doubled down on an existing buy rating on the stock, and insisted it is underpriced at just $5 and change. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. The Motley Fool recommends 3D Systems.
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What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) closed 7.6% higher on Tuesday after analysts at Craig-Hallum doubled down on an existing buy rating on the stock, and insisted it is underpriced at just $5 and change. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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What happened Shares of 3D printer maker 3D Systems (NYSE: DDD) closed 7.6% higher on Tuesday after analysts at Craig-Hallum doubled down on an existing buy rating on the stock, and insisted it is underpriced at just $5 and change. Craig-Hallum even predicted the share price will more than double to $11 within a year. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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65935807-8faf-4e2e-99f1-6568fa3a2ffe
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716727.0
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2020-09-27 00:00:00 UTC
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Near a 10-Year Low, Is 3D Systems a Buy?
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DDD
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https://www.nasdaq.com/articles/near-a-10-year-low-is-3d-systems-a-buy-2020-09-27
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nan
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nan
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3D printing veteran 3D Systems (NYSE: DDD) has seen better days. The stock has set fresh 10-year lows on a daily basis in recent weeks. Share prices have crashed 47% lower year to date, and we're looking at a 95% plunge from the lofty heights of $97 per share in early 2014.
Is 3D Systems' stock likely to bounce back from this dark trough, or are the company's glory days gone for good? Let's have a look.
Why is the stock so cheap?
3D Systems has been struggling for years. Annual sales fell 6% between 2015 and 2019, operating profits are consistently negative, and the company is burning cash is nearly every quarter. A new CEO took the reins in May, and 3D Systems has gone through three CFOs in less than four years. The executive changes were planned long before the COVID-19 pandemic came along to add new challenges to an already difficult business environment.
Revenue plunged 29% year over year in August's second-quarter report, sparking a dramatic reorganization and a sharp cost-cutting program. The recently installed management team made sure to include cash-raising ideas in these actions, allowing 3D systems to sell up to $150 million worth of new stock if the cash crunch turns critical. The company had $64 million of cash equivalents available at the end of June, down from $134 million in the year-ago period.
On the upside, 3D Systems' long-term debt sits at just $22 million and the company has an untouched $100 million credit facility available if necessary. It would take a lot of bad news to drive this company entirely out of business.
Image source: Getty Images.
So, is 3D Systems a buy today?
3D Systems is focusing on 3D printing in "growing markets that demand high-reliability products," according to the company's revamped statement of purpose. That means finding customers in attractive target markets and helping them develop additive manufacturing processes that give them an edge in their own business efforts, which should lead to a rising number of valuable long-term business relationships.
This clear business plan makes me think that 3D Systems could be worth a small, speculative bet just in case the ambitious recovery plans actually work out. 3D printing remains a hot topic and a promising technology for the far future -- it's just difficult to find real-world applications for it at this point. If 3D Systems becomes a consulting powerhouse that helps clients overcome that challenge, that would not only be great for the company's own financial results but also worthwhile for the 3D printing sector as a whole.
However, the proof is in the pudding, and that's not something you can just print out on a whim (yet). I would not recommend backing up the truck or investing your entire nest egg in this combination of high risk and large potential rewards. You can build a small position in 3D Systems but only if you're willing to shoulder the risk, and be careful out there.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of September 24, 2020
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Anders Bylund has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D printing veteran 3D Systems (NYSE: DDD) has seen better days. The recently installed management team made sure to include cash-raising ideas in these actions, allowing 3D systems to sell up to $150 million worth of new stock if the cash crunch turns critical. If 3D Systems becomes a consulting powerhouse that helps clients overcome that challenge, that would not only be great for the company's own financial results but also worthwhile for the 3D printing sector as a whole.
|
3D printing veteran 3D Systems (NYSE: DDD) has seen better days. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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3D printing veteran 3D Systems (NYSE: DDD) has seen better days. Is 3D Systems' stock likely to bounce back from this dark trough, or are the company's glory days gone for good? The recently installed management team made sure to include cash-raising ideas in these actions, allowing 3D systems to sell up to $150 million worth of new stock if the cash crunch turns critical.
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3D printing veteran 3D Systems (NYSE: DDD) has seen better days. That's right -- they think these 10 stocks are even better buys. See the 10 stocks
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af39e158-7ad9-43bc-9ec4-5a3d0244fdcb
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716728.0
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2020-08-26 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Dick's Sporting Goods, Zoom Video Communications, REX American Resources
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-dicks-sporting-goods-zoom-video-communications-rex-american
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 and the Nasdaq hit record highs on Wednesday as investors bought into technology stocks that have thrived during the COVID-19 pandemic following the upbeat quarterly results from Salesforce and HP Enterprise. .N
At 13:00 p.m. ET, the Dow Jones Industrial Average .DJI was up 0.12% at 28,282.13. The S&P 500 .SPX was up 0.78% at 3,470.32 and the Nasdaq Composite .IXIC was up 1.38% at 11,625.248. The top three S&P 500 .PG.INX percentage gainers: ** Salesforce.Com Inc , up 26.9% ** Netflix Inc , up 10.3% ** Adobe Inc , up 7.3% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line Holdings , down 5.5% ** Consolidated Edison Inc , down 3.5% ** Vornado Realty Trust , down 3.4% The top three NYSE .PG.N percentage gainers: ** Anaplan Inc , up 28.8% ** Salesforce.Com Inc , up 26.9% ** Dick's Sporting Goods Inc , up 14.6% The top three NYSE .PL.N percentage losers: ** Garret Motion Inc , down 42% ** Phoenix Tree Holdiings Ltd , down 17.2% ** Rex American Resources Corp , down 12.4% The top three Nasdaq .PG.O percentage gainers: ** Fluidigm Corp , up 38.3% ** Scworx Corp , up 27.9% ** Fluent Inc FLNT.O, up 25.3% The top three Nasdaq .PL.O percentage losers: ** Xpresspa Group Inc , down 16.8% ** Orchard Therapeutics Plc , down 16% ** Pacific Ethanol Inc , down 14.6% ** Salesforce.com Inc CRM.N: up 26.9%
BUZZ-Street View: Salesforce on cloud nine after blow-out quarter ** Medtronic Plc MDT.N: up 1.0%
BUZZ-Street View: Medtronic's robust pipeline could be the answer ** Fluidigm Corp FLDM.O: up 38.3%
BUZZ-Soars after COVID-19 test gets emergency approval ** Tesla Inc TSLA.O: up 4.5%
BUZZ-Jefferies supercharges PT on battery-making potential ** Nordstrom Inc JWN.N: down 4.9%
BUZZ-Falls on downbeat Q2; brokerage calls results 'relative anomaly' ** Urban Outfitters Inc URBN.O: up 20.2%
BUZZ-Urban Outfitter jumps on surprise quarterly profit ** Express Inc EXPR.N: down 4.4%
BUZZ-Falls as Q2 loss wider than expected ** XpresSpa Group Inc XSPA.O: down 16.8%
BUZZ-Plunges on direct stock-and-warrants deal ** Trine Acquisition Corp TRNE.N: up 13.0%
BUZZ-Set for record high on Desktop Metal merger ** Dick's Sporting Goods Inc DKS.N: up 14.2%
BUZZ-Dick's Sporting Goods rises on strong sales as more people pick up golf ** Anaplan Inc PLAN.N: up 28.8%
BUZZ-Jumps on better-than-expected results, forecast ** Apple Inc AAPL.O: up 1.2%
BUZZ-Wedbush raises PT to highest on Street ** Nio Inc NIO.N: up 13.3%
BUZZ-Nio burning rubber as Morgan Stanley turns bullish ** First Solar FSLR.O: up 2.0%
BUZZ-BofA raises price objective on capacity boost plans ** Intuit Inc INTU.O: up 2.1%
BUZZ-Set for fifth straight record high on big Q4 beat ** Workday Inc WDAY.O: up 8.9%
BUZZ-Gains; Jefferies raises PT ahead of results ** Autodesk Inc ADSK.O: down 1.2%
BUZZ-Ticks lower on gloomy outlook ** Moderna Inc MRNA.O: up 5.8%
BUZZ-Rises on positive potential COVID-19 vaccine trial data ** Pure Storage Inc PSTG.N: down 10.4%
BUZZ-Pure Storage falls on gloomy Q3 sales outlook ** Clearside Biomedical CLSD.O: up 0.6%
BUZZ-Gains on new Europe, U.S. patents ** CohBar Inc CWBR.O: down 32.2%
BUZZ-Tumbles on discounted stock-and-warrant offering ** Garrett Motion Inc GTX.N: down 42.2%
BUZZ-Down as co seeks to address balance sheet concerns ** Chico's FAS Inc CHS.N: up 16.0%
BUZZ-Rises on expectations of improved cash flow in H2 ** K12 Inc LRN.N: down 10.2%
BUZZ-Shares schooled on planned $300 mln convertible debt offering ** 3D Systems Corp DDD.N: up 3.9%
BUZZ-Gains after co names new CFO ** Roku Inc ROKU.O: up 11.7%
BUZZ-Jumps as Citi sees account growth, starts with 'buy' ** Marathon Patent Group Inc MARA.O: up 2.0%
BUZZ-Bitcoin miner Marathon Patent rises on deal to buy peer Fastblock Mining ** Avid Bioservices CDMO.O: up 0.4%
BUZZ-Gains on contract to help develop antiviral drug candidate ** Palo Alto Networks PANW.N: up 0.3%
BUZZ-Rises as Deutsche Bank hikes PT to Street's highest ** Zoom Video Communications ZM.O: up 2.7%
BUZZ-Zoom Video hits $300 mark for first time USN ** REX American Resources REX.N: down 14.1%
BUZZ-Drops on Q2 loss vs year-ago profit as ethanol sales dive
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 2.64%
Consumer Discretionary
.SPLRCD
up 1.12%
Consumer Staples
.SPLRCS
down 0.01%
Energy
.SPNY
down 1.40%
Financial
.SPSY
down 0.13%
Health
.SPXHC
down 0.50%
Industrial
.SPLRCI
up 0.03%
Information Technology
.SPLRCT
up 1.86%
Materials
.SPLRCM
up 0.66%
Real Estate
.SPLRCR
down 1.15%
Utilities
.SPLRCU
down 1.25%
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Salesforce.Com Inc , up 26.9% ** Netflix Inc , up 10.3% ** Adobe Inc , up 7.3% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line Holdings , down 5.5% ** Consolidated Edison Inc , down 3.5% ** Vornado Realty Trust , down 3.4% The top three NYSE .PG.N percentage gainers: ** Anaplan Inc , up 28.8% ** Salesforce.Com Inc , up 26.9% ** Dick's Sporting Goods Inc , up 14.6% The top three NYSE .PL.N percentage losers: ** Garret Motion Inc , down 42% ** Phoenix Tree Holdiings Ltd , down 17.2% ** Rex American Resources Corp , down 12.4% The top three Nasdaq .PG.O percentage gainers: ** Fluidigm Corp , up 38.3% ** Scworx Corp , up 27.9% ** Fluent Inc FLNT.O, up 25.3% The top three Nasdaq .PL.O percentage losers: ** Xpresspa Group Inc , down 16.8% ** Orchard Therapeutics Plc , down 16% ** Pacific Ethanol Inc , down 14.6% ** Salesforce.com Inc CRM.N: up 26.9% BUZZ-Street View: Salesforce on cloud nine after blow-out quarter ** Medtronic Plc MDT.N: up 1.0% BUZZ-Street View: Medtronic's robust pipeline could be the answer ** Fluidigm Corp FLDM.O: up 38.3% BUZZ-Soars after COVID-19 test gets emergency approval ** Tesla Inc TSLA.O: up 4.5% BUZZ-Jefferies supercharges PT on battery-making potential ** Nordstrom Inc JWN.N: down 4.9% BUZZ-Falls on downbeat Q2; brokerage calls results 'relative anomaly' ** Urban Outfitters Inc URBN.O: up 20.2% BUZZ-Urban Outfitter jumps on surprise quarterly profit ** Express Inc EXPR.N: down 4.4% BUZZ-Falls as Q2 loss wider than expected ** XpresSpa Group Inc XSPA.O: down 16.8% BUZZ-Plunges on direct stock-and-warrants deal ** Trine Acquisition Corp TRNE.N: up 13.0% BUZZ-Set for record high on Desktop Metal merger ** Dick's Sporting Goods Inc DKS.N: up 14.2% BUZZ-Dick's Sporting Goods rises on strong sales as more people pick up golf ** Anaplan Inc PLAN.N: up 28.8% BUZZ-Jumps on better-than-expected results, forecast ** Apple Inc AAPL.O: up 1.2% BUZZ-Wedbush raises PT to highest on Street ** Nio Inc NIO.N: up 13.3% BUZZ-Nio burning rubber as Morgan Stanley turns bullish ** First Solar FSLR.O: up 2.0% BUZZ-BofA raises price objective on capacity boost plans ** Intuit Inc INTU.O: up 2.1% BUZZ-Set for fifth straight record high on big Q4 beat ** Workday Inc WDAY.O: up 8.9% BUZZ-Gains; Jefferies raises PT ahead of results ** Autodesk Inc ADSK.O: down 1.2% BUZZ-Ticks lower on gloomy outlook ** Moderna Inc MRNA.O: up 5.8% BUZZ-Rises on positive potential COVID-19 vaccine trial data ** Pure Storage Inc PSTG.N: down 10.4% BUZZ-Pure Storage falls on gloomy Q3 sales outlook ** Clearside Biomedical CLSD.O: up 0.6% BUZZ-Gains on new Europe, U.S. patents ** CohBar Inc CWBR.O: down 32.2% BUZZ-Tumbles on discounted stock-and-warrant offering ** Garrett Motion Inc GTX.N: down 42.2% BUZZ-Down as co seeks to address balance sheet concerns ** Chico's FAS Inc CHS.N: up 16.0% BUZZ-Rises on expectations of improved cash flow in H2 ** K12 Inc LRN.N: down 10.2% BUZZ-Shares schooled on planned $300 mln convertible debt offering ** 3D Systems Corp DDD.N: up 3.9% BUZZ-Gains after co names new CFO ** Roku Inc ROKU.O: up 11.7% BUZZ-Jumps as Citi sees account growth, starts with 'buy' ** Marathon Patent Group Inc MARA.O: up 2.0% BUZZ-Bitcoin miner Marathon Patent rises on deal to buy peer Fastblock Mining ** Avid Bioservices CDMO.O: up 0.4% BUZZ-Gains on contract to help develop antiviral drug candidate ** Palo Alto Networks PANW.N: up 0.3% BUZZ-Rises as Deutsche Bank hikes PT to Street's highest ** Zoom Video Communications ZM.O: up 2.7% BUZZ-Zoom Video hits $300 mark for first time USN ** REX American Resources REX.N: down 14.1% BUZZ-Drops on Q2 loss vs year-ago profit as ethanol sales dive The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Nasdaq hit record highs on Wednesday as investors bought into technology stocks that have thrived during the COVID-19 pandemic following the upbeat quarterly results from Salesforce and HP Enterprise. down 1.25% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Salesforce.Com Inc , up 26.9% ** Netflix Inc , up 10.3% ** Adobe Inc , up 7.3% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line Holdings , down 5.5% ** Consolidated Edison Inc , down 3.5% ** Vornado Realty Trust , down 3.4% The top three NYSE .PG.N percentage gainers: ** Anaplan Inc , up 28.8% ** Salesforce.Com Inc , up 26.9% ** Dick's Sporting Goods Inc , up 14.6% The top three NYSE .PL.N percentage losers: ** Garret Motion Inc , down 42% ** Phoenix Tree Holdiings Ltd , down 17.2% ** Rex American Resources Corp , down 12.4% The top three Nasdaq .PG.O percentage gainers: ** Fluidigm Corp , up 38.3% ** Scworx Corp , up 27.9% ** Fluent Inc FLNT.O, up 25.3% The top three Nasdaq .PL.O percentage losers: ** Xpresspa Group Inc , down 16.8% ** Orchard Therapeutics Plc , down 16% ** Pacific Ethanol Inc , down 14.6% ** Salesforce.com Inc CRM.N: up 26.9% BUZZ-Street View: Salesforce on cloud nine after blow-out quarter ** Medtronic Plc MDT.N: up 1.0% BUZZ-Street View: Medtronic's robust pipeline could be the answer ** Fluidigm Corp FLDM.O: up 38.3% BUZZ-Soars after COVID-19 test gets emergency approval ** Tesla Inc TSLA.O: up 4.5% BUZZ-Jefferies supercharges PT on battery-making potential ** Nordstrom Inc JWN.N: down 4.9% BUZZ-Falls on downbeat Q2; brokerage calls results 'relative anomaly' ** Urban Outfitters Inc URBN.O: up 20.2% BUZZ-Urban Outfitter jumps on surprise quarterly profit ** Express Inc EXPR.N: down 4.4% BUZZ-Falls as Q2 loss wider than expected ** XpresSpa Group Inc XSPA.O: down 16.8% BUZZ-Plunges on direct stock-and-warrants deal ** Trine Acquisition Corp TRNE.N: up 13.0% BUZZ-Set for record high on Desktop Metal merger ** Dick's Sporting Goods Inc DKS.N: up 14.2% BUZZ-Dick's Sporting Goods rises on strong sales as more people pick up golf ** Anaplan Inc PLAN.N: up 28.8% BUZZ-Jumps on better-than-expected results, forecast ** Apple Inc AAPL.O: up 1.2% BUZZ-Wedbush raises PT to highest on Street ** Nio Inc NIO.N: up 13.3% BUZZ-Nio burning rubber as Morgan Stanley turns bullish ** First Solar FSLR.O: up 2.0% BUZZ-BofA raises price objective on capacity boost plans ** Intuit Inc INTU.O: up 2.1% BUZZ-Set for fifth straight record high on big Q4 beat ** Workday Inc WDAY.O: up 8.9% BUZZ-Gains; Jefferies raises PT ahead of results ** Autodesk Inc ADSK.O: down 1.2% BUZZ-Ticks lower on gloomy outlook ** Moderna Inc MRNA.O: up 5.8% BUZZ-Rises on positive potential COVID-19 vaccine trial data ** Pure Storage Inc PSTG.N: down 10.4% BUZZ-Pure Storage falls on gloomy Q3 sales outlook ** Clearside Biomedical CLSD.O: up 0.6% BUZZ-Gains on new Europe, U.S. patents ** CohBar Inc CWBR.O: down 32.2% BUZZ-Tumbles on discounted stock-and-warrant offering ** Garrett Motion Inc GTX.N: down 42.2% BUZZ-Down as co seeks to address balance sheet concerns ** Chico's FAS Inc CHS.N: up 16.0% BUZZ-Rises on expectations of improved cash flow in H2 ** K12 Inc LRN.N: down 10.2% BUZZ-Shares schooled on planned $300 mln convertible debt offering ** 3D Systems Corp DDD.N: up 3.9% BUZZ-Gains after co names new CFO ** Roku Inc ROKU.O: up 11.7% BUZZ-Jumps as Citi sees account growth, starts with 'buy' ** Marathon Patent Group Inc MARA.O: up 2.0% BUZZ-Bitcoin miner Marathon Patent rises on deal to buy peer Fastblock Mining ** Avid Bioservices CDMO.O: up 0.4% BUZZ-Gains on contract to help develop antiviral drug candidate ** Palo Alto Networks PANW.N: up 0.3% BUZZ-Rises as Deutsche Bank hikes PT to Street's highest ** Zoom Video Communications ZM.O: up 2.7% BUZZ-Zoom Video hits $300 mark for first time USN ** REX American Resources REX.N: down 14.1% BUZZ-Drops on Q2 loss vs year-ago profit as ethanol sales dive The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Nasdaq hit record highs on Wednesday as investors bought into technology stocks that have thrived during the COVID-19 pandemic following the upbeat quarterly results from Salesforce and HP Enterprise. down 1.25% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Salesforce.Com Inc , up 26.9% ** Netflix Inc , up 10.3% ** Adobe Inc , up 7.3% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line Holdings , down 5.5% ** Consolidated Edison Inc , down 3.5% ** Vornado Realty Trust , down 3.4% The top three NYSE .PG.N percentage gainers: ** Anaplan Inc , up 28.8% ** Salesforce.Com Inc , up 26.9% ** Dick's Sporting Goods Inc , up 14.6% The top three NYSE .PL.N percentage losers: ** Garret Motion Inc , down 42% ** Phoenix Tree Holdiings Ltd , down 17.2% ** Rex American Resources Corp , down 12.4% The top three Nasdaq .PG.O percentage gainers: ** Fluidigm Corp , up 38.3% ** Scworx Corp , up 27.9% ** Fluent Inc FLNT.O, up 25.3% The top three Nasdaq .PL.O percentage losers: ** Xpresspa Group Inc , down 16.8% ** Orchard Therapeutics Plc , down 16% ** Pacific Ethanol Inc , down 14.6% ** Salesforce.com Inc CRM.N: up 26.9% BUZZ-Street View: Salesforce on cloud nine after blow-out quarter ** Medtronic Plc MDT.N: up 1.0% BUZZ-Street View: Medtronic's robust pipeline could be the answer ** Fluidigm Corp FLDM.O: up 38.3% BUZZ-Soars after COVID-19 test gets emergency approval ** Tesla Inc TSLA.O: up 4.5% BUZZ-Jefferies supercharges PT on battery-making potential ** Nordstrom Inc JWN.N: down 4.9% BUZZ-Falls on downbeat Q2; brokerage calls results 'relative anomaly' ** Urban Outfitters Inc URBN.O: up 20.2% BUZZ-Urban Outfitter jumps on surprise quarterly profit ** Express Inc EXPR.N: down 4.4% BUZZ-Falls as Q2 loss wider than expected ** XpresSpa Group Inc XSPA.O: down 16.8% BUZZ-Plunges on direct stock-and-warrants deal ** Trine Acquisition Corp TRNE.N: up 13.0% BUZZ-Set for record high on Desktop Metal merger ** Dick's Sporting Goods Inc DKS.N: up 14.2% BUZZ-Dick's Sporting Goods rises on strong sales as more people pick up golf ** Anaplan Inc PLAN.N: up 28.8% BUZZ-Jumps on better-than-expected results, forecast ** Apple Inc AAPL.O: up 1.2% BUZZ-Wedbush raises PT to highest on Street ** Nio Inc NIO.N: up 13.3% BUZZ-Nio burning rubber as Morgan Stanley turns bullish ** First Solar FSLR.O: up 2.0% BUZZ-BofA raises price objective on capacity boost plans ** Intuit Inc INTU.O: up 2.1% BUZZ-Set for fifth straight record high on big Q4 beat ** Workday Inc WDAY.O: up 8.9% BUZZ-Gains; Jefferies raises PT ahead of results ** Autodesk Inc ADSK.O: down 1.2% BUZZ-Ticks lower on gloomy outlook ** Moderna Inc MRNA.O: up 5.8% BUZZ-Rises on positive potential COVID-19 vaccine trial data ** Pure Storage Inc PSTG.N: down 10.4% BUZZ-Pure Storage falls on gloomy Q3 sales outlook ** Clearside Biomedical CLSD.O: up 0.6% BUZZ-Gains on new Europe, U.S. patents ** CohBar Inc CWBR.O: down 32.2% BUZZ-Tumbles on discounted stock-and-warrant offering ** Garrett Motion Inc GTX.N: down 42.2% BUZZ-Down as co seeks to address balance sheet concerns ** Chico's FAS Inc CHS.N: up 16.0% BUZZ-Rises on expectations of improved cash flow in H2 ** K12 Inc LRN.N: down 10.2% BUZZ-Shares schooled on planned $300 mln convertible debt offering ** 3D Systems Corp DDD.N: up 3.9% BUZZ-Gains after co names new CFO ** Roku Inc ROKU.O: up 11.7% BUZZ-Jumps as Citi sees account growth, starts with 'buy' ** Marathon Patent Group Inc MARA.O: up 2.0% BUZZ-Bitcoin miner Marathon Patent rises on deal to buy peer Fastblock Mining ** Avid Bioservices CDMO.O: up 0.4% BUZZ-Gains on contract to help develop antiviral drug candidate ** Palo Alto Networks PANW.N: up 0.3% BUZZ-Rises as Deutsche Bank hikes PT to Street's highest ** Zoom Video Communications ZM.O: up 2.7% BUZZ-Zoom Video hits $300 mark for first time USN ** REX American Resources REX.N: down 14.1% BUZZ-Drops on Q2 loss vs year-ago profit as ethanol sales dive The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 0.12% at 28,282.13. up 2.64% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Salesforce.Com Inc , up 26.9% ** Netflix Inc , up 10.3% ** Adobe Inc , up 7.3% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line Holdings , down 5.5% ** Consolidated Edison Inc , down 3.5% ** Vornado Realty Trust , down 3.4% The top three NYSE .PG.N percentage gainers: ** Anaplan Inc , up 28.8% ** Salesforce.Com Inc , up 26.9% ** Dick's Sporting Goods Inc , up 14.6% The top three NYSE .PL.N percentage losers: ** Garret Motion Inc , down 42% ** Phoenix Tree Holdiings Ltd , down 17.2% ** Rex American Resources Corp , down 12.4% The top three Nasdaq .PG.O percentage gainers: ** Fluidigm Corp , up 38.3% ** Scworx Corp , up 27.9% ** Fluent Inc FLNT.O, up 25.3% The top three Nasdaq .PL.O percentage losers: ** Xpresspa Group Inc , down 16.8% ** Orchard Therapeutics Plc , down 16% ** Pacific Ethanol Inc , down 14.6% ** Salesforce.com Inc CRM.N: up 26.9% BUZZ-Street View: Salesforce on cloud nine after blow-out quarter ** Medtronic Plc MDT.N: up 1.0% BUZZ-Street View: Medtronic's robust pipeline could be the answer ** Fluidigm Corp FLDM.O: up 38.3% BUZZ-Soars after COVID-19 test gets emergency approval ** Tesla Inc TSLA.O: up 4.5% BUZZ-Jefferies supercharges PT on battery-making potential ** Nordstrom Inc JWN.N: down 4.9% BUZZ-Falls on downbeat Q2; brokerage calls results 'relative anomaly' ** Urban Outfitters Inc URBN.O: up 20.2% BUZZ-Urban Outfitter jumps on surprise quarterly profit ** Express Inc EXPR.N: down 4.4% BUZZ-Falls as Q2 loss wider than expected ** XpresSpa Group Inc XSPA.O: down 16.8% BUZZ-Plunges on direct stock-and-warrants deal ** Trine Acquisition Corp TRNE.N: up 13.0% BUZZ-Set for record high on Desktop Metal merger ** Dick's Sporting Goods Inc DKS.N: up 14.2% BUZZ-Dick's Sporting Goods rises on strong sales as more people pick up golf ** Anaplan Inc PLAN.N: up 28.8% BUZZ-Jumps on better-than-expected results, forecast ** Apple Inc AAPL.O: up 1.2% BUZZ-Wedbush raises PT to highest on Street ** Nio Inc NIO.N: up 13.3% BUZZ-Nio burning rubber as Morgan Stanley turns bullish ** First Solar FSLR.O: up 2.0% BUZZ-BofA raises price objective on capacity boost plans ** Intuit Inc INTU.O: up 2.1% BUZZ-Set for fifth straight record high on big Q4 beat ** Workday Inc WDAY.O: up 8.9% BUZZ-Gains; Jefferies raises PT ahead of results ** Autodesk Inc ADSK.O: down 1.2% BUZZ-Ticks lower on gloomy outlook ** Moderna Inc MRNA.O: up 5.8% BUZZ-Rises on positive potential COVID-19 vaccine trial data ** Pure Storage Inc PSTG.N: down 10.4% BUZZ-Pure Storage falls on gloomy Q3 sales outlook ** Clearside Biomedical CLSD.O: up 0.6% BUZZ-Gains on new Europe, U.S. patents ** CohBar Inc CWBR.O: down 32.2% BUZZ-Tumbles on discounted stock-and-warrant offering ** Garrett Motion Inc GTX.N: down 42.2% BUZZ-Down as co seeks to address balance sheet concerns ** Chico's FAS Inc CHS.N: up 16.0% BUZZ-Rises on expectations of improved cash flow in H2 ** K12 Inc LRN.N: down 10.2% BUZZ-Shares schooled on planned $300 mln convertible debt offering ** 3D Systems Corp DDD.N: up 3.9% BUZZ-Gains after co names new CFO ** Roku Inc ROKU.O: up 11.7% BUZZ-Jumps as Citi sees account growth, starts with 'buy' ** Marathon Patent Group Inc MARA.O: up 2.0% BUZZ-Bitcoin miner Marathon Patent rises on deal to buy peer Fastblock Mining ** Avid Bioservices CDMO.O: up 0.4% BUZZ-Gains on contract to help develop antiviral drug candidate ** Palo Alto Networks PANW.N: up 0.3% BUZZ-Rises as Deutsche Bank hikes PT to Street's highest ** Zoom Video Communications ZM.O: up 2.7% BUZZ-Zoom Video hits $300 mark for first time USN ** REX American Resources REX.N: down 14.1% BUZZ-Drops on Q2 loss vs year-ago profit as ethanol sales dive The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Nasdaq hit record highs on Wednesday as investors bought into technology stocks that have thrived during the COVID-19 pandemic following the upbeat quarterly results from Salesforce and HP Enterprise. ET, the Dow Jones Industrial Average .DJI was up 0.12% at 28,282.13.
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8c0d7bbc-bb9d-4767-bdbf-c22717a7a7bd
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716729.0
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2020-08-26 00:00:00 UTC
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BUZZ-U.S. STOCKS ON THE MOVE-Garrett Motion Inc, 3D Systems Corp, CohBar Inc, Roku Inc
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DDD
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https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-garrett-motion-inc-3d-systems-corp-cohbar-inc-roku-inc-2020
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nan
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nan
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Eikon search string for individual stock moves: STXBZ
The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi
The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh
The S&P 500 and the Nasdaq hit record highs on Wednesday as investors bought into technology stocks that have thrived during the COVID-19 pandemic following the upbeat quarterly results from Salesforce and HP Enterprise. .N
At 11:30 a.m. ET, the Dow Jones Industrial Average .DJI was down 0.15% at 28,205.74. The S&P 500 .SPX was up 0.41% at 3,457.81 and the Nasdaq Composite .IXIC was up 1.07% at 11,589.454. The top three S&P 500 .PG.INX percentage gainers: ** Salesforce.Com Inc , up 25.8% ** Netflix Inc , up 7.7% ** Adobe Inc , up 6.9% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line Holdings , down 4.8% ** Occidental Petroleum Corp , down 3.5% ** Simon Property Group Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Anaplan Inc , up 29% ** Salesforce.Com Inc , up 25.8% ** Dick's Sporting Goods Inc , up 15.2% The top three NYSE .PL.N percentage losers: ** Garret Motion Inc , down 42% ** Phoenix Tree Holdings Ltd , down 16% ** K12 Inc , down 13.2% The top three Nasdaq .PG.O percentage gainers: ** Cryoport Inc , up 33.4% ** Fluidigm Corp , up 32.4% ** Scworx Corp , up 28.2% The top three Nasdaq .PL.O percentage losers: ** Xpresspa Group Inc , down 16.7% ** Urban One Inc , down 14.5% ** Kelly Services Inc , down 14.3% ** Salesforce.com Inc CRM.N: up 25.7%
BUZZ-Street View: Salesforce on cloud nine after blow-out quarter ** Fluidigm Corp FLDM.O: up 32.4%
BUZZ-Soars after COVID-19 test gets emergency approval ** Tesla Inc TSLA.O: up 4.5%
BUZZ-Jefferies supercharges PT on battery-making potential ** Nordstrom Inc JWN.N: down 6.8%
BUZZ-Falls on downbeat Q2; brokerage calls results 'relative anomaly' ** Urban Outfitters Inc URBN.O: up 21.2%
BUZZ-Urban Outfitter jumps on surprise quarterly profit ** Express Inc EXPR.N: down 5.3%
BUZZ-Falls as Q2 loss wider than expected ** XpresSpa Group Inc XSPA.O: down 16.7%
BUZZ-Plunges on direct stock-and-warrants deal ** Trine Acquisition Corp TRNE.N: up 14.1%
BUZZ-Set for record high on Desktop Metal merger ** Dick's Sporting Goods Inc DKS.N: up 14.8%
BUZZ-Jumps as profit beats on exercise equipment demand ** Anaplan Inc PLAN.N: up 29.0%
BUZZ-Jumps on better-than-expected results, forecast ** Apple Inc AAPL.O: up 0.8%
BUZZ-Wedbush raises PT to highest on Street ** Nio Inc NIO.N: up 10.9%
BUZZ-Nio burning rubber as Morgan Stanley turns bullish ** First Solar FSLR.O: up 2.7%
BUZZ-BofA raises price objective on capacity boost plans ** Intuit Inc INTU.O: up 1.8%
BUZZ-Set for fifth straight record high on big Q4 beat ** Workday Inc WDAY.O: up 8.3%
BUZZ-Gains; Jefferies raises PT ahead of results ** Autodesk Inc ADSK.O: down 2.4%
BUZZ-Ticks lower on gloomy outlook ** Moderna Inc MRNA.O: up 6.0%
BUZZ-Rises on positive potential COVID-19 vaccine trial data ** Pure Storage Inc PSTG.N: down 9.2%
BUZZ-Pure Storage falls on gloomy Q3 sales outlook ** Clearside Biomedical CLSD.O: up 1.1%
BUZZ-Gains on new Europe, U.S. patents ** CohBar Inc CWBR.O: down 31.3%
BUZZ-Tumbles on discounted stock-and-warrant offering ** Garrett Motion Inc GTX.N: down 42.1%
BUZZ-Down as co seeks to address balance sheet concerns ** Chico's FAS Inc CHS.N: up 17.7%
BUZZ-Rises on expectations of improved cash flow in H2 ** K12 Inc LRN.N: down 13.2%
BUZZ-shares schooled on planned $300 mln convertible debt offering ** 3D Systems Corp DDD.N: up 5.0%
BUZZ-Gains after co names new CFO ** Roku Inc ROKU.O: up 8.6%
BUZZ-Jumps as Citi sees account growth, starts with 'buy' ** Marathon Patent Group Inc MARA.O: up 2.9%
BUZZ-Bitcoin miner Marathon Patent rises on deal to buy peer Fastblock Mining ** Avid Bioservices CDMO.O: up 1.2%
BUZZ-Gains on contract to help develop antiviral drug candidate ** Palo Alto Networks PANW.N: up 0.9%
BUZZ-Rises as Deutsche Bank hikes PT to Street's highest
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
up 1.88%
Consumer Discretionary
.SPLRCD
up 0.66%
Consumer Staples
.SPLRCS
down 0.59%
Energy
.SPNY
down 1.51%
Financial
.SPSY
down 0.40%
Health
.SPXHC
down 0.99%
Industrial
.SPLRCI
down 0.20%
Information Technology
.SPLRCT
up 1.63%
Materials
.SPLRCM
up 0.42%
Real Estate
.SPLRCR
down 0.99%
Utilities
.SPLRCU
down 1.44%
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Salesforce.Com Inc , up 25.8% ** Netflix Inc , up 7.7% ** Adobe Inc , up 6.9% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line Holdings , down 4.8% ** Occidental Petroleum Corp , down 3.5% ** Simon Property Group Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Anaplan Inc , up 29% ** Salesforce.Com Inc , up 25.8% ** Dick's Sporting Goods Inc , up 15.2% The top three NYSE .PL.N percentage losers: ** Garret Motion Inc , down 42% ** Phoenix Tree Holdings Ltd , down 16% ** K12 Inc , down 13.2% The top three Nasdaq .PG.O percentage gainers: ** Cryoport Inc , up 33.4% ** Fluidigm Corp , up 32.4% ** Scworx Corp , up 28.2% The top three Nasdaq .PL.O percentage losers: ** Xpresspa Group Inc , down 16.7% ** Urban One Inc , down 14.5% ** Kelly Services Inc , down 14.3% ** Salesforce.com Inc CRM.N: up 25.7% BUZZ-Street View: Salesforce on cloud nine after blow-out quarter ** Fluidigm Corp FLDM.O: up 32.4% BUZZ-Soars after COVID-19 test gets emergency approval ** Tesla Inc TSLA.O: up 4.5% BUZZ-Jefferies supercharges PT on battery-making potential ** Nordstrom Inc JWN.N: down 6.8% BUZZ-Falls on downbeat Q2; brokerage calls results 'relative anomaly' ** Urban Outfitters Inc URBN.O: up 21.2% BUZZ-Urban Outfitter jumps on surprise quarterly profit ** Express Inc EXPR.N: down 5.3% BUZZ-Falls as Q2 loss wider than expected ** XpresSpa Group Inc XSPA.O: down 16.7% BUZZ-Plunges on direct stock-and-warrants deal ** Trine Acquisition Corp TRNE.N: up 14.1% BUZZ-Set for record high on Desktop Metal merger ** Dick's Sporting Goods Inc DKS.N: up 14.8% BUZZ-Jumps as profit beats on exercise equipment demand ** Anaplan Inc PLAN.N: up 29.0% BUZZ-Jumps on better-than-expected results, forecast ** Apple Inc AAPL.O: up 0.8% BUZZ-Wedbush raises PT to highest on Street ** Nio Inc NIO.N: up 10.9% BUZZ-Nio burning rubber as Morgan Stanley turns bullish ** First Solar FSLR.O: up 2.7% BUZZ-BofA raises price objective on capacity boost plans ** Intuit Inc INTU.O: up 1.8% BUZZ-Set for fifth straight record high on big Q4 beat ** Workday Inc WDAY.O: up 8.3% BUZZ-Gains; Jefferies raises PT ahead of results ** Autodesk Inc ADSK.O: down 2.4% BUZZ-Ticks lower on gloomy outlook ** Moderna Inc MRNA.O: up 6.0% BUZZ-Rises on positive potential COVID-19 vaccine trial data ** Pure Storage Inc PSTG.N: down 9.2% BUZZ-Pure Storage falls on gloomy Q3 sales outlook ** Clearside Biomedical CLSD.O: up 1.1% BUZZ-Gains on new Europe, U.S. patents ** CohBar Inc CWBR.O: down 31.3% BUZZ-Tumbles on discounted stock-and-warrant offering ** Garrett Motion Inc GTX.N: down 42.1% BUZZ-Down as co seeks to address balance sheet concerns ** Chico's FAS Inc CHS.N: up 17.7% BUZZ-Rises on expectations of improved cash flow in H2 ** K12 Inc LRN.N: down 13.2% BUZZ-shares schooled on planned $300 mln convertible debt offering ** 3D Systems Corp DDD.N: up 5.0% BUZZ-Gains after co names new CFO ** Roku Inc ROKU.O: up 8.6% BUZZ-Jumps as Citi sees account growth, starts with 'buy' ** Marathon Patent Group Inc MARA.O: up 2.9% BUZZ-Bitcoin miner Marathon Patent rises on deal to buy peer Fastblock Mining ** Avid Bioservices CDMO.O: up 1.2% BUZZ-Gains on contract to help develop antiviral drug candidate ** Palo Alto Networks PANW.N: up 0.9% BUZZ-Rises as Deutsche Bank hikes PT to Street's highest The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Nasdaq hit record highs on Wednesday as investors bought into technology stocks that have thrived during the COVID-19 pandemic following the upbeat quarterly results from Salesforce and HP Enterprise. down 1.44% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Salesforce.Com Inc , up 25.8% ** Netflix Inc , up 7.7% ** Adobe Inc , up 6.9% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line Holdings , down 4.8% ** Occidental Petroleum Corp , down 3.5% ** Simon Property Group Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Anaplan Inc , up 29% ** Salesforce.Com Inc , up 25.8% ** Dick's Sporting Goods Inc , up 15.2% The top three NYSE .PL.N percentage losers: ** Garret Motion Inc , down 42% ** Phoenix Tree Holdings Ltd , down 16% ** K12 Inc , down 13.2% The top three Nasdaq .PG.O percentage gainers: ** Cryoport Inc , up 33.4% ** Fluidigm Corp , up 32.4% ** Scworx Corp , up 28.2% The top three Nasdaq .PL.O percentage losers: ** Xpresspa Group Inc , down 16.7% ** Urban One Inc , down 14.5% ** Kelly Services Inc , down 14.3% ** Salesforce.com Inc CRM.N: up 25.7% BUZZ-Street View: Salesforce on cloud nine after blow-out quarter ** Fluidigm Corp FLDM.O: up 32.4% BUZZ-Soars after COVID-19 test gets emergency approval ** Tesla Inc TSLA.O: up 4.5% BUZZ-Jefferies supercharges PT on battery-making potential ** Nordstrom Inc JWN.N: down 6.8% BUZZ-Falls on downbeat Q2; brokerage calls results 'relative anomaly' ** Urban Outfitters Inc URBN.O: up 21.2% BUZZ-Urban Outfitter jumps on surprise quarterly profit ** Express Inc EXPR.N: down 5.3% BUZZ-Falls as Q2 loss wider than expected ** XpresSpa Group Inc XSPA.O: down 16.7% BUZZ-Plunges on direct stock-and-warrants deal ** Trine Acquisition Corp TRNE.N: up 14.1% BUZZ-Set for record high on Desktop Metal merger ** Dick's Sporting Goods Inc DKS.N: up 14.8% BUZZ-Jumps as profit beats on exercise equipment demand ** Anaplan Inc PLAN.N: up 29.0% BUZZ-Jumps on better-than-expected results, forecast ** Apple Inc AAPL.O: up 0.8% BUZZ-Wedbush raises PT to highest on Street ** Nio Inc NIO.N: up 10.9% BUZZ-Nio burning rubber as Morgan Stanley turns bullish ** First Solar FSLR.O: up 2.7% BUZZ-BofA raises price objective on capacity boost plans ** Intuit Inc INTU.O: up 1.8% BUZZ-Set for fifth straight record high on big Q4 beat ** Workday Inc WDAY.O: up 8.3% BUZZ-Gains; Jefferies raises PT ahead of results ** Autodesk Inc ADSK.O: down 2.4% BUZZ-Ticks lower on gloomy outlook ** Moderna Inc MRNA.O: up 6.0% BUZZ-Rises on positive potential COVID-19 vaccine trial data ** Pure Storage Inc PSTG.N: down 9.2% BUZZ-Pure Storage falls on gloomy Q3 sales outlook ** Clearside Biomedical CLSD.O: up 1.1% BUZZ-Gains on new Europe, U.S. patents ** CohBar Inc CWBR.O: down 31.3% BUZZ-Tumbles on discounted stock-and-warrant offering ** Garrett Motion Inc GTX.N: down 42.1% BUZZ-Down as co seeks to address balance sheet concerns ** Chico's FAS Inc CHS.N: up 17.7% BUZZ-Rises on expectations of improved cash flow in H2 ** K12 Inc LRN.N: down 13.2% BUZZ-shares schooled on planned $300 mln convertible debt offering ** 3D Systems Corp DDD.N: up 5.0% BUZZ-Gains after co names new CFO ** Roku Inc ROKU.O: up 8.6% BUZZ-Jumps as Citi sees account growth, starts with 'buy' ** Marathon Patent Group Inc MARA.O: up 2.9% BUZZ-Bitcoin miner Marathon Patent rises on deal to buy peer Fastblock Mining ** Avid Bioservices CDMO.O: up 1.2% BUZZ-Gains on contract to help develop antiviral drug candidate ** Palo Alto Networks PANW.N: up 0.9% BUZZ-Rises as Deutsche Bank hikes PT to Street's highest The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Nasdaq hit record highs on Wednesday as investors bought into technology stocks that have thrived during the COVID-19 pandemic following the upbeat quarterly results from Salesforce and HP Enterprise. down 1.44% (Compiled by Shivani Kumaresan in Bengaluru) ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The top three S&P 500 .PG.INX percentage gainers: ** Salesforce.Com Inc , up 25.8% ** Netflix Inc , up 7.7% ** Adobe Inc , up 6.9% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line Holdings , down 4.8% ** Occidental Petroleum Corp , down 3.5% ** Simon Property Group Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Anaplan Inc , up 29% ** Salesforce.Com Inc , up 25.8% ** Dick's Sporting Goods Inc , up 15.2% The top three NYSE .PL.N percentage losers: ** Garret Motion Inc , down 42% ** Phoenix Tree Holdings Ltd , down 16% ** K12 Inc , down 13.2% The top three Nasdaq .PG.O percentage gainers: ** Cryoport Inc , up 33.4% ** Fluidigm Corp , up 32.4% ** Scworx Corp , up 28.2% The top three Nasdaq .PL.O percentage losers: ** Xpresspa Group Inc , down 16.7% ** Urban One Inc , down 14.5% ** Kelly Services Inc , down 14.3% ** Salesforce.com Inc CRM.N: up 25.7% BUZZ-Street View: Salesforce on cloud nine after blow-out quarter ** Fluidigm Corp FLDM.O: up 32.4% BUZZ-Soars after COVID-19 test gets emergency approval ** Tesla Inc TSLA.O: up 4.5% BUZZ-Jefferies supercharges PT on battery-making potential ** Nordstrom Inc JWN.N: down 6.8% BUZZ-Falls on downbeat Q2; brokerage calls results 'relative anomaly' ** Urban Outfitters Inc URBN.O: up 21.2% BUZZ-Urban Outfitter jumps on surprise quarterly profit ** Express Inc EXPR.N: down 5.3% BUZZ-Falls as Q2 loss wider than expected ** XpresSpa Group Inc XSPA.O: down 16.7% BUZZ-Plunges on direct stock-and-warrants deal ** Trine Acquisition Corp TRNE.N: up 14.1% BUZZ-Set for record high on Desktop Metal merger ** Dick's Sporting Goods Inc DKS.N: up 14.8% BUZZ-Jumps as profit beats on exercise equipment demand ** Anaplan Inc PLAN.N: up 29.0% BUZZ-Jumps on better-than-expected results, forecast ** Apple Inc AAPL.O: up 0.8% BUZZ-Wedbush raises PT to highest on Street ** Nio Inc NIO.N: up 10.9% BUZZ-Nio burning rubber as Morgan Stanley turns bullish ** First Solar FSLR.O: up 2.7% BUZZ-BofA raises price objective on capacity boost plans ** Intuit Inc INTU.O: up 1.8% BUZZ-Set for fifth straight record high on big Q4 beat ** Workday Inc WDAY.O: up 8.3% BUZZ-Gains; Jefferies raises PT ahead of results ** Autodesk Inc ADSK.O: down 2.4% BUZZ-Ticks lower on gloomy outlook ** Moderna Inc MRNA.O: up 6.0% BUZZ-Rises on positive potential COVID-19 vaccine trial data ** Pure Storage Inc PSTG.N: down 9.2% BUZZ-Pure Storage falls on gloomy Q3 sales outlook ** Clearside Biomedical CLSD.O: up 1.1% BUZZ-Gains on new Europe, U.S. patents ** CohBar Inc CWBR.O: down 31.3% BUZZ-Tumbles on discounted stock-and-warrant offering ** Garrett Motion Inc GTX.N: down 42.1% BUZZ-Down as co seeks to address balance sheet concerns ** Chico's FAS Inc CHS.N: up 17.7% BUZZ-Rises on expectations of improved cash flow in H2 ** K12 Inc LRN.N: down 13.2% BUZZ-shares schooled on planned $300 mln convertible debt offering ** 3D Systems Corp DDD.N: up 5.0% BUZZ-Gains after co names new CFO ** Roku Inc ROKU.O: up 8.6% BUZZ-Jumps as Citi sees account growth, starts with 'buy' ** Marathon Patent Group Inc MARA.O: up 2.9% BUZZ-Bitcoin miner Marathon Patent rises on deal to buy peer Fastblock Mining ** Avid Bioservices CDMO.O: up 1.2% BUZZ-Gains on contract to help develop antiviral drug candidate ** Palo Alto Networks PANW.N: up 0.9% BUZZ-Rises as Deutsche Bank hikes PT to Street's highest The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was down 0.15% at 28,205.74. up 1.88% Consumer Discretionary
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The top three S&P 500 .PG.INX percentage gainers: ** Salesforce.Com Inc , up 25.8% ** Netflix Inc , up 7.7% ** Adobe Inc , up 6.9% The top three S&P 500 .PL.INX percentage losers: ** Norwegian Cruise Line Holdings , down 4.8% ** Occidental Petroleum Corp , down 3.5% ** Simon Property Group Inc , down 3.4% The top three NYSE .PG.N percentage gainers: ** Anaplan Inc , up 29% ** Salesforce.Com Inc , up 25.8% ** Dick's Sporting Goods Inc , up 15.2% The top three NYSE .PL.N percentage losers: ** Garret Motion Inc , down 42% ** Phoenix Tree Holdings Ltd , down 16% ** K12 Inc , down 13.2% The top three Nasdaq .PG.O percentage gainers: ** Cryoport Inc , up 33.4% ** Fluidigm Corp , up 32.4% ** Scworx Corp , up 28.2% The top three Nasdaq .PL.O percentage losers: ** Xpresspa Group Inc , down 16.7% ** Urban One Inc , down 14.5% ** Kelly Services Inc , down 14.3% ** Salesforce.com Inc CRM.N: up 25.7% BUZZ-Street View: Salesforce on cloud nine after blow-out quarter ** Fluidigm Corp FLDM.O: up 32.4% BUZZ-Soars after COVID-19 test gets emergency approval ** Tesla Inc TSLA.O: up 4.5% BUZZ-Jefferies supercharges PT on battery-making potential ** Nordstrom Inc JWN.N: down 6.8% BUZZ-Falls on downbeat Q2; brokerage calls results 'relative anomaly' ** Urban Outfitters Inc URBN.O: up 21.2% BUZZ-Urban Outfitter jumps on surprise quarterly profit ** Express Inc EXPR.N: down 5.3% BUZZ-Falls as Q2 loss wider than expected ** XpresSpa Group Inc XSPA.O: down 16.7% BUZZ-Plunges on direct stock-and-warrants deal ** Trine Acquisition Corp TRNE.N: up 14.1% BUZZ-Set for record high on Desktop Metal merger ** Dick's Sporting Goods Inc DKS.N: up 14.8% BUZZ-Jumps as profit beats on exercise equipment demand ** Anaplan Inc PLAN.N: up 29.0% BUZZ-Jumps on better-than-expected results, forecast ** Apple Inc AAPL.O: up 0.8% BUZZ-Wedbush raises PT to highest on Street ** Nio Inc NIO.N: up 10.9% BUZZ-Nio burning rubber as Morgan Stanley turns bullish ** First Solar FSLR.O: up 2.7% BUZZ-BofA raises price objective on capacity boost plans ** Intuit Inc INTU.O: up 1.8% BUZZ-Set for fifth straight record high on big Q4 beat ** Workday Inc WDAY.O: up 8.3% BUZZ-Gains; Jefferies raises PT ahead of results ** Autodesk Inc ADSK.O: down 2.4% BUZZ-Ticks lower on gloomy outlook ** Moderna Inc MRNA.O: up 6.0% BUZZ-Rises on positive potential COVID-19 vaccine trial data ** Pure Storage Inc PSTG.N: down 9.2% BUZZ-Pure Storage falls on gloomy Q3 sales outlook ** Clearside Biomedical CLSD.O: up 1.1% BUZZ-Gains on new Europe, U.S. patents ** CohBar Inc CWBR.O: down 31.3% BUZZ-Tumbles on discounted stock-and-warrant offering ** Garrett Motion Inc GTX.N: down 42.1% BUZZ-Down as co seeks to address balance sheet concerns ** Chico's FAS Inc CHS.N: up 17.7% BUZZ-Rises on expectations of improved cash flow in H2 ** K12 Inc LRN.N: down 13.2% BUZZ-shares schooled on planned $300 mln convertible debt offering ** 3D Systems Corp DDD.N: up 5.0% BUZZ-Gains after co names new CFO ** Roku Inc ROKU.O: up 8.6% BUZZ-Jumps as Citi sees account growth, starts with 'buy' ** Marathon Patent Group Inc MARA.O: up 2.9% BUZZ-Bitcoin miner Marathon Patent rises on deal to buy peer Fastblock Mining ** Avid Bioservices CDMO.O: up 1.2% BUZZ-Gains on contract to help develop antiviral drug candidate ** Palo Alto Networks PANW.N: up 0.9% BUZZ-Rises as Deutsche Bank hikes PT to Street's highest The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and the Nasdaq hit record highs on Wednesday as investors bought into technology stocks that have thrived during the COVID-19 pandemic following the upbeat quarterly results from Salesforce and HP Enterprise. ET, the Dow Jones Industrial Average .DJI was down 0.15% at 28,205.74.
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ec500ca2-cb67-4c13-83bb-78814c60a6d1
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716730.0
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2020-08-06 00:00:00 UTC
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Why 3D Systems Stock Just Crashed 10%
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-just-crashed-10-2020-08-06
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nan
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nan
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What happened
Shares of "additive manufacturing" (that's "3D printing" to most of us) company 3D Systems (NYSE: DDD) are tumbling, down 10% as of 10:25 a.m. EDT. The reason: earnings.
Yesterday, after close of trading, 3D released its financial results for Q2 2020, reporting $112.1 million in quarterly sales (Wall Street wanted to see $117.9 million) and a $0.13 per-share pro forma loss -- where the Street had predicted only a $0.10 loss.
Image source: Getty Images.
So what
And that's the good news. The bad news is that, when calculated according to generally accepted accounting principles (GAAP), 3D actually lost more than twice its pro forma number -- $0.33 per share, a result 57% worse than last year's $0.21 Q2 loss. The sales decline, by the way, was 29% year over year.
Now what
As you might expect, 3D blamed a once-in-a-century occurrence for its troubles: the "continued impact from the COVID-19 pandemic." To combat it, the company is taking dramatic moves to save itself. Among other things, 3D says it will try to cut $100 million out of its operating cost structure -- an effort that, if successful, will cut operating costs by roughly one-third. 3D will lay off 20% of its workforce, making other cuts to accomplish this, and will take a $25 million to $30 million cash charge "for severance, facility closing and other costs, primarily in the second half of this year," to pay for the cuts.
In addition, 3D announced today that it will be raising about $150 million in cash through the issuance and sale of new shares, diluting current shareholders out of about 17% of their ownership. With cash reserves down by more than half over the last six months, and free cash flow now turned negative, the company really has no other choice.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of "additive manufacturing" (that's "3D printing" to most of us) company 3D Systems (NYSE: DDD) are tumbling, down 10% as of 10:25 a.m. EDT. The bad news is that, when calculated according to generally accepted accounting principles (GAAP), 3D actually lost more than twice its pro forma number -- $0.33 per share, a result 57% worse than last year's $0.21 Q2 loss. In addition, 3D announced today that it will be raising about $150 million in cash through the issuance and sale of new shares, diluting current shareholders out of about 17% of their ownership.
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What happened Shares of "additive manufacturing" (that's "3D printing" to most of us) company 3D Systems (NYSE: DDD) are tumbling, down 10% as of 10:25 a.m. EDT. Yesterday, after close of trading, 3D released its financial results for Q2 2020, reporting $112.1 million in quarterly sales (Wall Street wanted to see $117.9 million) and a $0.13 per-share pro forma loss -- where the Street had predicted only a $0.10 loss. The bad news is that, when calculated according to generally accepted accounting principles (GAAP), 3D actually lost more than twice its pro forma number -- $0.33 per share, a result 57% worse than last year's $0.21 Q2 loss.
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What happened Shares of "additive manufacturing" (that's "3D printing" to most of us) company 3D Systems (NYSE: DDD) are tumbling, down 10% as of 10:25 a.m. EDT. Yesterday, after close of trading, 3D released its financial results for Q2 2020, reporting $112.1 million in quarterly sales (Wall Street wanted to see $117.9 million) and a $0.13 per-share pro forma loss -- where the Street had predicted only a $0.10 loss. 3D will lay off 20% of its workforce, making other cuts to accomplish this, and will take a $25 million to $30 million cash charge "for severance, facility closing and other costs, primarily in the second half of this year," to pay for the cuts.
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What happened Shares of "additive manufacturing" (that's "3D printing" to most of us) company 3D Systems (NYSE: DDD) are tumbling, down 10% as of 10:25 a.m. EDT. The bad news is that, when calculated according to generally accepted accounting principles (GAAP), 3D actually lost more than twice its pro forma number -- $0.33 per share, a result 57% worse than last year's $0.21 Q2 loss. 3D will lay off 20% of its workforce, making other cuts to accomplish this, and will take a $25 million to $30 million cash charge "for severance, facility closing and other costs, primarily in the second half of this year," to pay for the cuts.
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2385bd75-7819-41ed-b2f7-5753614fc421
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716731.0
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2020-08-06 00:00:00 UTC
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3D Systems Stock Plunges on Poor Earnings Report and Liquidity Concerns
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DDD
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https://www.nasdaq.com/articles/3d-systems-stock-plunges-on-poor-earnings-report-and-liquidity-concerns-2020-08-06
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nan
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nan
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3D Systems (NYSE: DDD) reported poor second-quarter 2020 results after the market close on Wednesday. These were the first quarterly results released under the 3D printing company's new CEO, Jeffrey Graves, and interim CFO, Wayne Pensky.
Shares closed down 7.4% in Wednesday's after-hours trading session. We can attribute the market's displeasure in large part to revenue and earnings coming in lighter than what Wall Street was expecting. Some investors are also surely concerned about the company's cash-burn rate.
Image source: Getty Images.
3D Systems' key numbers
METRIC Q2 2020 Q2 2019
CHANGE
Revenue $112.1 million $157.3 million (29%)
GAAP operating income ($33.9 million) ($19.2 million) Loss widened 77%
GAAP net income ($38.0 million) ($23.9 million) Loss widened 59%
Adjusted net income ($15.1 million) ($600,000) Loss widened 2,417%
GAAP earnings per share (EPS) ($0.33) ($0.21) Loss widened 57%
Adjusted EPS ($0.13) $0.00 Result flipped to negative from breakeven
Data source: 3D Systems. GAAP = generally accepted accounting principles.
Revenue decreased 17% from the first quarter, driven by the coronavirus pandemic hurting demand for the company's products and services -- particularly among industrial customers -- in the entire second quarter versus just the last month of the first quarter. For context, in the first quarter, revenue declined 11% year over year to $134.7 million.
Wall Street was looking for an adjusted loss per share of $0.10 on revenue of $117.9 million. So 3D Systems missed analysts' expectations on both counts.
GAAP gross margin was 31.4%, down from 46.6% in the year-ago period. Adjusted gross margin landed at 41.3%, down from 47.4% in the year-ago quarter.
Segment quarterly results
SEGMENT Q2 2020 REVENUE CHANGE YOY (DECLINE)
Product $61.5 million (34%)
Service $50.6 million (20%)
Total $112.1 million (29%)
Data source: 3D Systems. YOY = year over year.
Liquidity concerns and reorganization
As outlined in my earnings preview, investors need to monitor 3D Systems' cash-burn rate. The company's liquidity worsened in the quarter, as we'd expect since the pandemic more negatively affected results in Q2 relative to Q1. At the end of Q2, the company had cash of $63.9 million (and total debt of $21.5 million). It burned through $69.7 million in cash in the first half of 2020, which means that its cash would be exhausted in just short of a half year at the current burn rate.
As to sources of additional cash, the company has approximately $24 million available on its revolving credit facility. That's something, but $24 million wouldn't go very far at the current cash-burn rate.
This liquidity crunch forced management's hand, with drastic measures needed. So it's not surprising that management announced an aggressive restructuring plan aimed at reducing operating costs by $100 million per year by the end of 2021.
The key components of the plan:
Reducing the workforce by nearly 20%, with the majority of the layoffs completed by year-end.
Reducing the number of facilities.
Reorganization to focus on two market verticals: healthcare and industrial.
Possible divestitures of parts of the business that do not align with its new strategic focus.
The company said it will incur a cash charge in the range of $25 million to $30 million for severance, facility closing, and other costs, primarily in the second half of this year. Moreover, it noted that it "may incur additional charges in 2021."
And what if 3D Systems needs more cash as it completes the reorganization? The company said that its board "approved an at-the-market equity program that allows the company from time to time to issue up to a total of $150 million of shares of the company's common stock to the public."
Again, this is something. But selling shares of a stock whose price has been steadily moving downward isn't an attractive option for raising cash and would likely be a last resort.
Looking ahead
3D Systems had an ugly quarter. The primary reason was the pandemic; however, the company was struggling to grow revenue and turn a profit before the global crisis started. Unfortunately for investors, it's not possible to tease out what its results would look like absent the pandemic.
Liquidity is a near-to-intermediate-term concern for the company. Most investors will want to steer clear of 3D Systems stock at this time, in my opinion. Proto Labs stock remains the much better way to bet on the future of 3D printing.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) reported poor second-quarter 2020 results after the market close on Wednesday. Liquidity concerns and reorganization As outlined in my earnings preview, investors need to monitor 3D Systems' cash-burn rate. So it's not surprising that management announced an aggressive restructuring plan aimed at reducing operating costs by $100 million per year by the end of 2021.
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3D Systems (NYSE: DDD) reported poor second-quarter 2020 results after the market close on Wednesday. Revenue $112.1 million $157.3 million (29%) GAAP operating income ($33.9 million) ($19.2 million) Loss widened 77% GAAP net income ($38.0 million) ($23.9 million) Loss widened 59% Adjusted net income ($15.1 million) ($600,000) Loss widened 2,417% GAAP earnings per share (EPS) ($0.33) ($0.21) Loss widened 57% Adjusted EPS ($0.13) $0.00 Result flipped to negative from breakeven Data source: 3D Systems. For context, in the first quarter, revenue declined 11% year over year to $134.7 million.
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3D Systems (NYSE: DDD) reported poor second-quarter 2020 results after the market close on Wednesday. Revenue $112.1 million $157.3 million (29%) GAAP operating income ($33.9 million) ($19.2 million) Loss widened 77% GAAP net income ($38.0 million) ($23.9 million) Loss widened 59% Adjusted net income ($15.1 million) ($600,000) Loss widened 2,417% GAAP earnings per share (EPS) ($0.33) ($0.21) Loss widened 57% Adjusted EPS ($0.13) $0.00 Result flipped to negative from breakeven Data source: 3D Systems. Product $61.5 million (34%) Service $50.6 million (20%) Total $112.1 million (29%) Data source: 3D Systems.
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3D Systems (NYSE: DDD) reported poor second-quarter 2020 results after the market close on Wednesday. Segment quarterly results The company said it will incur a cash charge in the range of $25 million to $30 million for severance, facility closing, and other costs, primarily in the second half of this year.
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2020-08-06 00:00:00 UTC
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Stratasys' Earnings Beat Expectations, but Revenue Falls Short
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https://www.nasdaq.com/articles/stratasys-earnings-beat-expectations-but-revenue-falls-short-2020-08-06
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Stratasys (NASDAQ: SSYS) reported weak second-quarter 2020 results before the market open on Wednesday, Aug. 5.
Shares of the 3D printing company closed up 0.5% on Wednesday. We can attribute the market's very muted reaction to the company turning in a "mixed report," in Wall Street lingo. Earnings beat the analyst consensus estimate, while revenue came in lighter than expected.
Image source: Getty Images.
Stratasys' key numbers
METRIC
Q2 2020
Q2 2019
CHANGE
Revenue
$117.6 million
$163.2 million
(28%)
GAAP operating income
($29.3 million)
$0.8 million
N/A. Result flipped to negative from positive.
Adjusted operating income
($8.1 million)
$9.1 million
N/A. Result flipped to negative from positive.
GAAP net income
($28.0 million)
$1.2 million
N/A. Result flipped to negative from positive.
Adjusted net income
($7.4 million)
$8.5 million
N/A. Result flipped to negative from positive.
GAAP earnings per share (EPS)
($0.51)
$0.02
N/A. Result flipped to negative from positive.
Adjusted EPS
($0.13)
$0.16 N/A. Result flipped to negative from positive.
Data source: Stratasys. GAAP = generally accepted accounting principles.
Stratasys said the revenue decline was "primarily" due to the COVID-19 pandemic, which began hurting demand for its products and services in March. The crisis resulted in the temporary closures of many companies in its target markets, particularly those in the industrial sector.
In the first quarter, the company's revenue declined 14% year over year to $132.9 million. So, sequentially, revenue fell 12%.
For context, in the second quarter, rival 3D Systems' (NYSE: DDD) revenue dropped 29% year over year and fell 17% from the first quarter.
Wall Street was looking for Stratasys to post an adjusted loss per share of $0.20 on revenue of $121.7 million. So the company easily beat the bottom-line expectation, but missed on the top line.
The company used $9.7 million of cash from operations during the quarter and ended the period with $313 million in cash and cash equivalents. That's down just $12.5 million from the $325.5 million in cash it had at the end of the first quarter. It has no debt.
Stratasys is doing an excellent job managing costs and conserving cash during the pandemic.
GAAP gross margin was 37.2%, down from 49.7% in the year-ago period. Adjusted gross margin landed at 45.4%, down from 52.5%.
Stratasys attributed the gross margin decline to a shift in sales mix away from consumables (which sport high profit margins) due to the pandemic. It "strongly believes that gross margins will recover as our customers return to their pre-COVID utilization levels," it said in the earnings release.
Segment results
SEGMENT
Q2 2020 REVENUE
CHANGE (YOY)
Product
$73.9 million
(33%)
Service
$43.7 million
(17%)
Total
$117.6 million
(28%)
Data source: Stratasys. YOY = year over year.
Within the product segment, 3D printer revenue plunged 36% year over year and consumables (print materials) revenue dropped 31%.
What management had to say
Here's part of what CEO Yoav Zeif had to say in the earnings release:
3D printing continues to penetrate further into manufacturing across every relevant business sector. Despite the current macro slowdown due to COVID-19, we remain very optimistic about where our business and our industry is headed. The largest opportunity for us in 3D printing is in polymers, and the fastest-growing area is manufacturing. We are already a leader in polymer additive manufacturing and expect to increase our presence through new offerings that will focus on delivering incremental customer value, especially in the fast-growing manufacturing applications, where we see the longest runway.
Looking ahead
While Stratasys had a weak quarter, management is doing a great job at minimizing the pandemic's impact on its cash position. The company's balance sheet remains very strong with $313 million in cash and cash equivalents and no debt.
Last quarter, management withdrew its full-year 2020 guidance due to uncertainties surrounding the pandemic.
10 stocks we like better than Stratasys
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For context, in the second quarter, rival 3D Systems' (NYSE: DDD) revenue dropped 29% year over year and fell 17% from the first quarter. Stratasys said the revenue decline was "primarily" due to the COVID-19 pandemic, which began hurting demand for its products and services in March. What management had to say Here's part of what CEO Yoav Zeif had to say in the earnings release: 3D printing continues to penetrate further into manufacturing across every relevant business sector.
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For context, in the second quarter, rival 3D Systems' (NYSE: DDD) revenue dropped 29% year over year and fell 17% from the first quarter. Revenue $117.6 million $163.2 million (28%) GAAP operating income ($29.3 million) $0.8 million N/A. Product $73.9 million (33%) Service $43.7 million (17%) Total $117.6 million (28%) Data source: Stratasys.
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For context, in the second quarter, rival 3D Systems' (NYSE: DDD) revenue dropped 29% year over year and fell 17% from the first quarter. Revenue $117.6 million $163.2 million (28%) GAAP operating income ($29.3 million) $0.8 million N/A. The company used $9.7 million of cash from operations during the quarter and ended the period with $313 million in cash and cash equivalents.
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For context, in the second quarter, rival 3D Systems' (NYSE: DDD) revenue dropped 29% year over year and fell 17% from the first quarter. GAAP earnings per share (EPS) ($0.51) $0.02 N/A. In the first quarter, the company's revenue declined 14% year over year to $132.9 million.
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2020-08-05 00:00:00 UTC
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3D Systems Corp (DDD) Q2 2020 Earnings Call Transcript
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https://www.nasdaq.com/articles/3d-systems-corp-ddd-q2-2020-earnings-call-transcript-2020-08-06
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Image source: The Motley Fool.
3D Systems Corp (NYSE: DDD)
Q2 2020 Earnings Call
Aug 5, 2020, 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Greetings, and welcome to the 3D Systems Q2 2020 Conference Call and Webcast. [Operator Instructions]
I will now turn the conference over to our host, Jessica Stansell of Investor Relations. Thank you. You may begin.
Jessica Stansell -- Investor Relations
Good afternoon, and welcome to 3D Systems conference call. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Wayne Pensky, Interim Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer. Please note that given the current situation with COVID 19, we are not all at the same location. The webcast portion of this call contains a slide presentation that we will refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website. For those who have access to the streaming portion of the webcast, please be aware that there may be a few seconds delay and that you will not be able to post questions via the web. The following discussion and responses to your questions reflect management's views as of today only and will include forward-looking statements as described on this slide.
Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and our filings with the SEC, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q. During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our Investor Relations website, you will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures. Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2019.
Now I am pleased to turn the call over to Jeff Graves, our CEO. Jeff?
Jeffrey A. Graves -- Chief Executive Officer And President
Thanks, Jessica, and good afternoon, everyone. I hope that all who have joined us today on our call are staying safe and healthy through these unprecedented times. Let me start by reminding everyone that our top priority is the well-being of our employees and their families, our communities and our customers. We've incorporated measures to safeguard all of these groups to the best of our ability in response to the COVID-19 pandemic, with clear protocols being implemented across the company. I'm very proud of the stamina and team work shown by our employees in helping one another, while meeting our customer commitments to the maximum extent possible over this difficult period. While there have been many challenges, we've maintained all of our key operations worldwide and expect to do so moving forward.
Over the last two months since joining 3D Systems as CEO, I've talked extensively with our employees, our customers and our business partners as well as several of our analysts and long-term shareholders. In short, through these discussions, you've reaffirmed for me why I joined three D systems, namely that we have a tremendous and somewhat unique opportunity as a leader in this industry. And I'm tremendously excited by the passion of our employees and the breadth of our technology and capabilities within our company. We have incredible strengths upon which to build our future. I've also learned that there's a wide consensus that we need to change if we're going to be successful. To be blunt, while we've made significant progress in key technology areas and today can boast of one of the strongest portfolios of 3D printing hardware, software and materials in the industry, in recent years, we've not translated these elements into consistent growth and profitability.
My singular goal is to make this happen. In short, we need to focus to prioritize and to streamline our efforts in order to reinforce our leadership in this exciting industry. Success starts in any company with a clear statement of purpose, one that describes the sustainable value that a company brings to the world and that will serve as a central focus going forward. It needs to resonate with our employees, our customers and our shareholders alike, allowing us to set clear, unwavering priorities that focus everyone's efforts on the same goals each day. With that intent, over the last two months, I've held many business reviews and individual discussions to learn about the value we deliver in the markets and customers we serve. From these discussions, much has become clear about what's working and what's been holding us back. Most importantly, it's allowed a clear purpose statement to be developed, which builds on the unique history and strengths of our company and that will guide us to an exciting future ahead. Our purpose statement is as follows:
We are the leaders in enabling additive manufacturing solutions for applications in growing markets that demand high-reliability products. As this statement implies, using a strong application focus, we'll target our efforts on growth markets that place a premium on performance and reliability, engineering and technology cultures that seek innovation as a way to deliver value to their customers, and often involving processes that tend to be highly controlled due to their criticality. Using this purpose statement as our guidepost. We're simplifying and focusing our organization by realigning the company's breadth of capabilities to serve applications in two key market verticals: healthcare and industrial. Moving forward, we will no longer emphasize the individual software, hardware and materials elements of additive manufacturing separately, but rather the combination of these elements into specific application solutions within our targeted markets.
In other words, we'll be laser-focused on overall growth and profitability in these market verticals rather than measuring our success in any single technology element we provide. Within healthcare, we'll focus on dental, medical devices, surgical planning and simulation. Industrial will encompass aerospace, defense, automotive and durable goods. Within these targeted markets, we'll focus heavily on specific applications that benefit the most from the use of additive manufacturing. For example, in healthcare, this could be orthopedic implants, while in industrial, it could be the manufacturer of highly complex heat exchangers. I want to spend a few minutes on why we think this approach will be successful. In 1986, when Chuck Hall founded our company based on his invention of 3D printing, he brought together in the laboratory for the first time, hardware, software and material science in a unique way to create solid objects from computer models.
This approach embodied a strong application focus, requiring all three elements to be combined in a highly controlled manner to create the desired object. What became clear over time was that this approach, when applied on an industrial scale with appropriate materials, would dramatically expand the flexibility engineers have to design and build unique components for improved functionality at commercially viable costs. Since that time, we've taken delight, often to the point of distraction, in advancing the individual elements of the process. And along the way, forgotten that the true value is in the unique combination of them that can add tremendous value to the customer. This restatement of our company purpose and the reorganization of our entire business is designed to return us to the strong application focus that enabled us to not simply invent a machine, but instead invents an entire industry that could transform the way components can be designed and manufactured for critical applications. This is the heritage of our company, and it's the cultural foundation that we build upon moving forward.
With this foundation, there are four distinct advantages that we will leverage to deliver value in an increasingly competitive market. First, with a complete breadth of technologies and services, we're uniquely poised to ramp customers from inception through full-scale additive manufacturing adoption. Starting with the exceptional application expertise within our customer innovation centers, we can bring together our market-leading hardware, software and materials technologies into a defined process and workflow to translate a customers' product design into real hardware. Once defined, we have the capability to then scale the process through our advanced manufacturing centers to production quantities in order to complete the required quality and process certifications. Once accomplished, our customers can then expand the process further in whatever manner they wish to meet their customer demand requirements. Second, we are the only organization that can provide a complete range of custom wax, plastic and metal additive manufacturing application solutions to match customer needs.
Our five printing platforms, SLA, SLS, Figure four, MJP and DMP are able to meet an exceptional range of customer application needs using well over 100 unique materials, the broadest range in the industry. And with our ongoing investments, that capability continues to expand each day. Third, our organization has the most extensive additive manufacturing service coverage across the globe. We have experts located across five continents and are local to more than 80% of our customer base to provide ongoing production support, training and periodic upgrades to our products in the field. To support new applications, we have customer innovation centers in the U.S. and in Europe as well as eight on-demand manufacturing sites across four continents. And fourth, we have the deepest experience in actual production parts among all additive manufacturing OEMs. Our customers print up to 500,000 production parts every day over a range of applications within the dental, medical device, aerospace, automotive and jewelry markets worldwide, a remarkable number.
While other companies may claim leadership using narrow measures. When it comes to real production experience, no one can claim the history of success that 3D Systems has delivered. No one. I'll now provide two recent examples of how our expertise and product suite has enabled us to win. And I'll ask you forgive this at the outset for my having to avoid certain customer-sensitive details. The first example is a healthcare case study with a medical device OEM for a knee replacement solution. The challenge here was to develop and commercialize a state-of-the-art orthopedic joint with an optimized surface structure and superior performance. Traditional machining and coating processes provide a pathway to produce such a component, but there was a high degree of variability in the product, which led to low yields, increased quality risk, significantly higher material costs and extended manufacturing cycle times. 3D Systems utilized its Holistic Solutions portfolio to partner with the medical device OEM to produce not only a superior product, but one that could be manufactured at much lower cost and at reduced cycle times.
In this case, we brought together our advanced metal printing system, combined with our 3D expert software, to produce the joint implant in both titanium and stainless steel. We then delivered these components from both our Littleton, Colorado and Leuven, Belgium facilities to simplify customer logistics. Central to this success was not only the individual technology elements, which were all excellent in their own right, but the manner in which they were integrated by our application engineers who partnered with engineers from the medical device OEM, to optimize the design of the implant while creating a robust, highly efficient manufacturing workflow. These workflows were then demonstrated at scale in our advanced manufacturing operations. When demand outgrew our internal production capacity, we facilitated the transfer of the process to third-party factories, selected by the OEM for strategic diversification of its supply chain, and our service team developed a customer-centric plan to support large-scale production and worldwide product launch. It was a great success story from inception to full commercialization.
Similar examples are found on the industrial side of our business. For example, a recent recently, a private aerospace company with an in-house superalloy foundry used to produce critical propulsion components invested in a complete 3D System solution to enable accurate, consistent and cost-effective production of high-performance components. This system combined our industry-leading stereo lithography printers with castable resins and a software package that was optimized for investment casting pattern manufacturer. Central to success were application experts that integrated the technology elements into a seamless workflow that ensured that these novel rocket components would perform as needed in this highly demanding application environment. This process is now fully integrated into our customers' production process, and they're using results to push the frontier of flight to an entirely new level. These types of projects reinforce my excitement in this role and hopefully bring to life the examples of why I joined 3D Systems.
I look forward to sharing our progress as we now refocus our organization and build upon the strong culture and foundation of this remarkable company. In connection with the organizational realignment announced today, we have an opportunity to maximize efficiencies and align our operating costs with current revenue levels. Through this restructuring effort, we expect to reduce annualized costs by approximately $100 million by the end of next year. This should enable the company to be profitable at current revenue levels and be well positioned to leverage our sales growth as it's realized. Through this restructuring, we'll reduce our workforce by nearly 20%, with the majority being completed by year-end. This reduction in-force is a difficult but essential step in our ongoing strategic actions designed to better position the company for sustainable and profitable growth. I'd like to express my appreciation to each of the employees impacted by this decision for their dedicated service. Other cost reduction efforts will include reducing the number of facilities and examining every aspect of the company's manufacturing and operating expenses.
The reduction in our footprint is primarily in office space, in part, enabled by our learnings from the COVID actions, which have accelerated our efforts to work remotely. Reduction in our physical sites is a real cost opportunity for us given the volume of acquisitions the company completed several years ago. The company will incur a cash charge in the range of $25 million to $30 million in severance, facility closing and other costs, primarily in the second half of this year. We may incur additional charges in 2021 as we finalize the actions to be taken. We're also evaluating divestiture of parts of the business that do not align with our strategic focus.
With that, let me turn the call over to Wayne, who will now provide our results for the second quarter of 2020. Wayne?
Wayne Pensky -- Interim Chief Financial Officer
Thanks, Jeff. Good afternoon, everyone. For the second quarter, we reported revenue of $112 million, a decrease of 29% compared to the second quarter of 2019, and a decrease of 17% compared to the first quarter of this year. The lower demand was across all products and services due to COVID-19 as many customers were shut down or on a significantly reduced level of activity. We reported a loss of $0.33 per share in the second quarter compared to a loss of $0.21 in the second quarter of 2019. We reported a non-GAAP loss of $0.13 per share in the second quarter compared to $0.00 per share in the second quarter of 2019. During the quarter, we recorded a charge of $10.9 million to cost of sales as certain product lines reached their end-of-life. We are no longer producing these items. This charge is the only significant nonrecurring difference between GAAP and non-GAAP numbers this quarter. Our operating expenses decreased 25% to $69 million. Consistent with our new strategic focus, we will start discussing revenue by our two key markets, healthcare and industrial.
Health care revenues are the same, as we've previously disclosed in the past. Industrial revenues comprise all of those sales. We are not yet capturing any meaningful submarket detailed information, so next level of details below these two markets is a work in process. Revenue from healthcare decreased 11% year-over-year to $50 million, driven by the decrease in the dental market-related to COVID-19. For the first half of 2020, healthcare revenue decreased 9% as compared to the same period last year. Industrial revenues decreased 38% year-over-year to $62 million, with decreases in all products, materials and services across all geographies due primarily to COVID-19. For the first half of 2020, industrial revenues decreased 26% as compared to the same period last year. We reported gross profit margin of 31.4% in the second quarter compared to 46.6% in the second quarter of 2019. Adjusting for the charge due to the end-of-life inventory, our non-GAAP gross profit margin in the second quarter was 41.3%. We were impacted by the lower volume and the resulting lower absorption of the overhead.
Many of the restructuring actions we are taking will help get our gross profit margin back to the levels seen at the beginning of this chart. We've also seen the cash used for inventories to go up nearly $25 million so far this year. As the market started to turn down in the latter part of the first quarter due to the pandemic, we were unable to slow down our inventory levels fast enough due to committed lead times with our contract manufacturers and suppliers. We are focused on reducing our inventory levels, but it will take some time. Operating expenses were $69 million, a decrease of 25% compared to the second quarter of 2019, including a 27% decrease in selling, general and administrative expenses, and an 18% decrease in research and development expenses. Non-GAAP operating expenses in the second quarter were $57 million, a 20% decrease from the second quarter of the prior year. Primary differences between GAAP and non-GAAP operating expenses is that we exclude amortization of intangibles and stock compensation expense from the non-GAAP amounts.
In the first half of 2020, our selling, general and administrative expenses were nearly 44% of revenue. That is simply too high, and many restructuring actions we will be taking are focused on reducing those costs. We ended the year with $64 million of cash. Cash on hand has decreased $70 million since the beginning of the year. We used $26 million for debt repayments, $21 million for operation, and that includes the nearly $25 million used for inventories, $12.5 million for onetime payments to purchase noncontrolling interest and $7 million for capital expenditures. Our term loan is now $22 million, so our net cash position is positive. That is cash less debt is $42 million. We have a $100 million revolver that was undrawn as of June 30 and has $24 million of availability-based on terms of the agreement.
To ensure we have sufficient financial flexibility to complete this restructuring and to work through these uncertain times caused by the pandemic, the Board of Directors approved an at-the-market equity program allows the company from time to issue up a total of $150 million of shares of the company's common stock to the public at the company's discretion. We believe these cost actions, combined with the financial flexibility offered by the at-the-market equity program and our existing revolver and net cash position will provide a solid financial footing on which to focus on the business and get back to growth.
With that, I'll turn the call back to Jeff. Jeff?
Jeffrey A. Graves -- Chief Executive Officer And President
Thanks, Wayne. So in summary, there are three main things that we've themes that we've discussed today. First, defining our strategic focus and stating our purpose. Second, reorganizing the company around two market verticals, healthcare and industrial. And third, doing the necessary restructuring to return the company to profitability and positioning it for sustainable growth and margin expansion. This restructuring involves eliminating $100 million of cost over the next 18 months, while investing for growth in key application areas.
With a clear statement of purpose and a return to the ideals we were founded on, I believe 3D systems will be a leader in additive manufacturing and will be central to the value creation that it will enable.
And with that, we'll now open the floor for questions. Diego?
Questions and Answers:
Operator
[Operator Instructions] Our first question comes from Greg Palm with Craig-Hallum Capital Group. Please proceed with your question
Danny Eggerichs -- Craig-Hallum Capital Group -- Analyst
Hi guys, this is actually Danny Eggerichs on for Greg today. I guess just going over the overall restructuring new strategy, any detail on maybe are you looking at walking away from possibly certain end markets or maybe technologies as part of this overall restructuring?
Jeffrey A. Graves -- Chief Executive Officer And President
Oh, I wouldn't view it as walking away from markets. It's rather a focusing on key markets that we've actually been in for some time. But the key difference here is it's a very strong application focused within those markets, and what we care about are bringing the key technology elements together in those markets to deliver value. So no longer will we focus and celebrate the selling of an individual printer somewhere in the world, we're going to celebrate the application progress we make in our key markets that are really going to drive sustainable growth and profitability. Not that we won't opportunistically sell the technology elements to customers who perhaps have an installed base that can benefit from them. That's fine. But the real growth that we'll feel will come from expanding the applications within our key markets. So that's really what we're going to focus on and grow. So I wouldn't look at it as walking away, I would look at it more as a focusing on what's going to drive the highest value.
Danny Eggerichs -- Craig-Hallum Capital Group -- Analyst
Got it. That's helpful. And then I guess, as we look at the end of this year, obviously, reducing operating cost by $100 million per year by the end of next year. How do you want us to look at Q3 and Q4 for operating costs?
Wayne Pensky -- Interim Chief Financial Officer
In terms of by the end of the year, we expect to have, on a run rate basis, about 60% of those savings in effect. And so if you want to measure us in terms of how we're doing on that, the ultimate measure is, are we profitable? And we expect, on a run rate basis at the end of the year, to be at a breakeven level, so that we enter 2021 to be hoping to be with a small profitable going forward.
Danny Eggerichs -- Craig-Hallum Capital Group -- Analyst
Okay. Great. And then, I guess, maybe just last one here. Any update on capital allocation priorities?
Jeffrey A. Graves -- Chief Executive Officer And President
Well, certainly, fund is the highest priority, getting through our restructuring activities. Obviously, we need to service our debt. We have some minimum capital requirements to upgrade existing equipment and things. But the majority of our capital deployment will be spent against our restructuring activity right now.
Danny Eggerichs -- Craig-Hallum Capital Group -- Analyst
Thank you.
Operator
Our next question comes from Sarkis Sherbetchyan with B. Riley Financial. Please proceed with your question.
Sarkis Sherbetchyan -- B. Riley Financial -- Analyst
Hey, good afternoon and thanks for taking my question here. Sure. So regarding the reduction of operating costs and getting to that 60% of savings by the end of the year, what's the cadence between the cost of goods line relative to SG&A and R&D?
Wayne Pensky -- Interim Chief Financial Officer
Sure. I think of it roughly as a split of sort of 40% cost of sales, 40% SG&A and 20% R&D in round numbers.
Sarkis Sherbetchyan -- B. Riley Financial -- Analyst
Got it. And as a follow-on to that, you mentioned a small profit going forward in FY 2021. Is that kind of assuming a revenue run rate of what we saw this quarter? Or are we to assume you kind of grow in with the market growth rates?
Jeffrey A. Graves -- Chief Executive Officer And President
If you look at the revenue from the first half of the year, if you use that as a run rate because there was clearly a lot of volatility in the first half of the year. On the up and down side, if you look at that in the second half of the year and our pace of cost elimination through the second half of the year, on a run rate basis, we would expect, in that model, to be profitable by the end of the year, is a fair way to look at it, if you followed that.
Sarkis Sherbetchyan -- B. Riley Financial -- Analyst
And when we're talking about profits, is that net income?
Jeffrey A. Graves -- Chief Executive Officer And President
Correct. Correct.
Sarkis Sherbetchyan -- B. Riley Financial -- Analyst
Okay, thank you.
Operator
Thank you. Next question comes from Paul Coster with JPMorgan. Please proceed with your question.
Paul Coster -- JPMorgan -- Analyst
Yeah, thanks for taking my question, First off, the current trend, Jeff. What are we seeing? Is it stabilizing? Or is it just completely uncertain end market demand?
Jeffrey A. Graves -- Chief Executive Officer And President
Paul, there's just a tremendous amount of noise. It's so there's a tremendous amount of noise. I would tell you there's a few things that encourage me. Number one, in most of the world, into different degrees, you see sites reopening. So from a service standpoint and getting production running again, you can start seeing people operating machines, which demand should follow that. So you see factories reopening and machines starting to run again. So that's a good thing. Areas that were viewed as non-essential like dental treatments and orthopedic surgeries, things like that, are now allowed again to, at least, some extent.
So those fundamental demand drivers should be a very good thing for us. Now what we what is not clear, because there's just so much noise still out there, is the pace of improvement. But directionally, we should, with that opening, start seeing increased demand around the world. And then we would expect capital spending to follow that demand.
Paul Coster -- JPMorgan -- Analyst
Got you. A little sort of unclear on how to interpret the at the money at-the-market equity issuance. On the one hand, you've got a pretty decent balance sheet and you're obviously taking bold action here to look after the equity investor. And yet, that sort of feels like it's moving in the opposite direction. What's the explanation? Under what circumstances would you withdraw it?
Jeffrey A. Graves -- Chief Executive Officer And President
Well, the withdrawal and the pace of it will be highly dependent on the revenue rebound, the pandemic subsiding. But I would tell you, Paul, we want to make sure, with great comfort, we can get through our restructuring. There's tremendous value to be unlocked in this restructuring activity and the refocusing of the company. So we've got investments to make there to not only severance-related investment, site closures, but there's some efficiency investments in IT and others that we need to make, with very short-term paybacks, that are essential to that again.
So we want to make sure we can clear that. And we want to make sure that should the pandemic go the other direction, that we've that we're safe. We've got some cushion and all of that. So that's the motivation for putting it out there. The pace of it, we just want to make sure that we can execute our actions in the shortest possible time period because we truly believe on the other side of this, when as the pandemic precedes, that this new structure we're adopting is going to drive some pretty exciting growth and profitability expansion, and we want to be ready for it as quickly as we can.
Operator
Thank you. [Operator Instructions] Our next question comes from Brian Drab with William Blair. Please proceed with your question.
Brian Drab -- William Blair -- Analyst
Hi, thanks for taking my questions. And I'm wondering, just to build up that last line of questioning on the ATM, in your model, it's $150 million potential offering. How much would you use in this year in the current model, which sounds like maybe the aspirational target is to get second half revenue in line with first half and get the $60 million run rate costs out. I guess you must have some idea how many shares would have to be issued or that would strategically make sense to issue?
Wayne Pensky -- Interim Chief Financial Officer
Yes. We're not going to disclose think of this as sort of a stock buyback. We'll report how much we've issued at the end of each quarter. But we want to do as little as possible. Everybody else want to do enough to make sure that we're comfortable getting through this period.
Jeffrey A. Graves -- Chief Executive Officer And President
You know what, it's a little bit easier to describe what would drive it up and down. I mean, clearly, if the pandemic extends and gets worse, and places reclose and all of that, the restructuring is essential. We'll get through that and look at further efficiency moves, which all cost some cash. If revenue lifts quickly and the world recovers nicely, we would certainly rein it back in. There's so it's probably easier to talk about, directionally, what would drive it to one extreme or the other. But we want to have it in place and ready to go to make sure we can get through this period because, again, I think it's a great-looking company out the other side of it.
Brian Drab -- William Blair -- Analyst
Okay. And then just one more question for now. The support of the channel is what I'm wondering about in terms of the cost cutting. And I know that a lot of sales have been brought in direct now. But can you talk at all about what percent of sales of printers and other equipment is going through the channel? And how you'll continue to support the channel? Or if some of these cost cuts are going to maybe be in that area of channel support?
Jeffrey A. Graves -- Chief Executive Officer And President
Well, I would I can't I don't have frankly speaking, I don't have the detail to share with you. But I would tell you, in terms of a business model going forward, certainly, the healthcare industry benefits greatly from direct sales. There are some channel partners that can help with that, but there is a great deal of it that does benefit from direct sales. So we will have a direct sales force servicing a great deal of that market. We'll have in industrial, we'll have a mixed model, some direct sales, some channel sales. And then for geographic coverage, we'll certainly have a network of channel partners as we do today.
So I think that we'll drive some efficiency now as we look at organizing by market by these market verticals. Because in the past, we've had, basically, separate sales organizations and channels to market for software versus hardware platforms. So we'll be able to collapse some of that and then take some of that efficiency and build out our direct sales model in with these market verticals. So I don't have specific numbers to share with you, but directionally, that's where we're headed.
Brian Drab -- William Blair -- Analyst
Okay, thanks very much.
Jeffrey A. Graves -- Chief Executive Officer And President
Sure. Thank you.
Operator
There are no further questions at this time. I'll turn the floor back to Jessica Stansell for closing remarks.
Jessica Stansell -- Investor Relations
Thank you for joining us today and for your continued support of 3D Systems. A replay of this webcast will be available after the call on the Investor Relations section of our website. Thank you.
Operator
[Operator Closing Remarks]
Duration: 34 minutes
Call participants:
Jessica Stansell -- Investor Relations
Jeffrey A. Graves -- Chief Executive Officer And President
Wayne Pensky -- Interim Chief Financial Officer
Danny Eggerichs -- Craig-Hallum Capital Group -- Analyst
Sarkis Sherbetchyan -- B. Riley Financial -- Analyst
Paul Coster -- JPMorgan -- Analyst
Brian Drab -- William Blair -- Analyst
More DDD analysis
All earnings call transcripts
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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corp (NYSE: DDD) Q2 2020 Earnings Call Aug 5, 2020, 4:30 p.m. Operator [Operator Closing Remarks] Duration: 34 minutes Call participants: Jessica Stansell -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer And President Wayne Pensky -- Interim Chief Financial Officer Danny Eggerichs -- Craig-Hallum Capital Group -- Analyst Sarkis Sherbetchyan -- B. Riley Financial -- Analyst Paul Coster -- JPMorgan -- Analyst Brian Drab -- William Blair -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. To be blunt, while we've made significant progress in key technology areas and today can boast of one of the strongest portfolios of 3D printing hardware, software and materials in the industry, in recent years, we've not translated these elements into consistent growth and profitability.
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Operator [Operator Closing Remarks] Duration: 34 minutes Call participants: Jessica Stansell -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer And President Wayne Pensky -- Interim Chief Financial Officer Danny Eggerichs -- Craig-Hallum Capital Group -- Analyst Sarkis Sherbetchyan -- B. Riley Financial -- Analyst Paul Coster -- JPMorgan -- Analyst Brian Drab -- William Blair -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q2 2020 Earnings Call Aug 5, 2020, 4:30 p.m. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Wayne Pensky, Interim Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
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Operator [Operator Closing Remarks] Duration: 34 minutes Call participants: Jessica Stansell -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer And President Wayne Pensky -- Interim Chief Financial Officer Danny Eggerichs -- Craig-Hallum Capital Group -- Analyst Sarkis Sherbetchyan -- B. Riley Financial -- Analyst Paul Coster -- JPMorgan -- Analyst Brian Drab -- William Blair -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q2 2020 Earnings Call Aug 5, 2020, 4:30 p.m. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Wayne Pensky, Interim Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
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Operator [Operator Closing Remarks] Duration: 34 minutes Call participants: Jessica Stansell -- Investor Relations Jeffrey A. Graves -- Chief Executive Officer And President Wayne Pensky -- Interim Chief Financial Officer Danny Eggerichs -- Craig-Hallum Capital Group -- Analyst Sarkis Sherbetchyan -- B. Riley Financial -- Analyst Paul Coster -- JPMorgan -- Analyst Brian Drab -- William Blair -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q2 2020 Earnings Call Aug 5, 2020, 4:30 p.m. Operator There are no further questions at this time.
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2020-07-30 00:00:00 UTC
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3D Systems and Stratasys Earnings: What to Watch on Wednesday, Aug. 5
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https://www.nasdaq.com/articles/3d-systems-and-stratasys-earnings%3A-what-to-watch-on-wednesday-aug.-5-2020-07-30
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3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) are slated to report their second-quarter 2020 results on Wednesday, Aug. 5. Stratasys is scheduled to report before the market open and its 3D-printing rival after the closing bell.
Investor expectations are likely low. Both companies' first-quarter results were hit quite hard by the COVID-19 pandemic, as were those of many industrial companies. Their Q2 results should be even worse since the pandemic largely affected just the last month of the first quarter.
Here's what to watch when 3D Systems and Stratasys report.
Image source: Getty Images.
Stratasys
Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q2 2019 RESULT
WALL STREET'S Q2 2020 CONSENSUS ESTIMATES WALL STREET'S PROJECTED CHANGE YOY
Revenue
$163.2 million
$121.7 million
(25%)
Adjusted earnings per share (EPS)
$0.16
($0.20)
Result expected to flip to negative from positive.
Data sources: Stratasys and Yahoo! Finance. YOY = year over year.
For context, in the first quarter, Stratasys' revenue fell 14% year over year to $132.9 million. Its reported loss per share expanded 900% to $0.40. Adjusted for one-time items, it posted a loss per share of $0.19, down from earnings per share of $0.10 in the year-ago period.
Along with the headline numbers, investors should focus on sales of 3D printers and print materials. Sales of 3D printers drive future sales of high-margin print materials.
3D Systems
Here are the company's results from the year-ago period and the Street's consensus estimates to use as benchmarks.
METRIC
Q2 2019 RESULT
WALL STREET'S Q2 2020 CONSENSUS ESTIMATES WALL STREET'S PROJECTED CHANGE YOY
Revenue
$157.3 million
$117.9 million
(25%)
Adjusted earnings per share (EPS)
$0.00
($0.10)
Result expected to change from breakeven to negative.
Data sources: 3D Systems and Yahoo! Finance. YOY = year over year.
In the first quarter, 3D Systems' revenue fell 11% year over year to $134.7 million. Its reported loss per share narrowed 23% year over year to $0.17. Adjusted for one-time items, its loss per share narrowed 56% to $0.04.
Investors should focus on sales of 3D printers and print materials for the same reason mentioned with respect to Stratasys. In addition, investors should home in on whatever information management provides about sales of the company's factory metals systems. Shipments of these systems reportedly resumed in April. The company had paused shipments for several quarters in order to correct quality issues.
You should also monitor the company's cash situation. Last quarter, it burned through $20.9 million in cash and ended the period with $112.8 million of cash on hand. At that burn rate, its cash will last less than six quarters.
Finally, a top management note: This quarter will mark the first quarterly results released under 3D Systems' new CEO, Jeffrey Graves, and interim CFO, Wayne Pensky. Both execs came on board in late May. Prior to coming to 3D Systems, Graves was CEO for eight years at MTS Systems, a leading global supplier of test, simulation, and measurement systems. Pensky came out of retirement to take the interim job while the company looks for a permanent financial leader. Prior to retiring in 2017, he was a longtime CFO of Hexcel, a manufacturer of composite materials.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 2, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) are slated to report their second-quarter 2020 results on Wednesday, Aug. 5. Stratasys Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks. Investors should focus on sales of 3D printers and print materials for the same reason mentioned with respect to Stratasys.
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3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) are slated to report their second-quarter 2020 results on Wednesday, Aug. 5. Revenue $163.2 million $121.7 million (25%) Adjusted earnings per share (EPS) $0.16 ($0.20) Result expected to flip to negative from positive. For context, in the first quarter, Stratasys' revenue fell 14% year over year to $132.9 million.
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3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) are slated to report their second-quarter 2020 results on Wednesday, Aug. 5. For context, in the first quarter, Stratasys' revenue fell 14% year over year to $132.9 million. In the first quarter, 3D Systems' revenue fell 11% year over year to $134.7 million.
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3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) are slated to report their second-quarter 2020 results on Wednesday, Aug. 5. Here's what to watch when 3D Systems and Stratasys report. Its reported loss per share narrowed 23% year over year to $0.17.
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2020-07-29 00:00:00 UTC
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5 Dental Stocks to Buy For Big Smiles As Coronavirus Fears Ease
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DDD
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https://www.nasdaq.com/articles/5-dental-stocks-to-buy-for-big-smiles-as-coronavirus-fears-ease
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Let’s be honest. No one likes going to the dentist, but for investors, those routine check-ups present an opportunity for information-gathering on dental stocks, an oft overlooked but potentially potent segment of the healthcare sector.
Dental stocks and the broader industry offer investors steady growth. Over the past six years, the industry grew at a compound annual growth rate (CAGR) of 1.4 percent, and that’s after allotting for an expected 1.5 percent decline this year due to the novel coronavirus pandemic. And even with the ill effects of Covid-19, the U.S. dental industry is forecast to generate nearly $138 billion in revenue this year.
Interestingly, Covid-19 could provide a runway for growth for dental stocks as soon as next year, assuming a vaccine comes to market or case counts and fatalities decline. The reason being that, as the American College of Surgeons points out, elective procedures have presently been put off.
In the wake of the coronavirus lockdowns, there are burdensome state guidelines surrounding those procedures making it unappealing for healthcare providers and patients. That applies to dentistry, too.
7 Cybersecurity Stocks Hard At Work While We Work From Home
In preparation of patients getting back to normal dental visits next year, investors may want to consider some of the following dental stocks.
SmileDirectClub (NASDAQ:SDC)
Align Technology (NASDAQ:ALGN)
3D Systems (NYSE:DDD)
Straumann Group (OTCMKTS:SAUHY)
Johnson & Johnson (NYSE:JNJ)
SmileDirectClub (SDC)
Source: Helen89 / Shutterstock.com
SmileDirectClub manufactures aligners, impression kits, whitening gels and retainers, putting it firmly on the cosmetic side of the dentistry business. In an ordinary operating environment, makers of dental aligners should be decent bets because these products are often viewed as cost-effective alternatives to traditional braces.
However, SDC’s status as a provider of products that reside on the elective side presented risks to investors as the coronavirus hit the U.S. Teeth whitening products are certainly optional, and in a fragile economy with high unemployment and families looking to cut spending, even aligners and retainers can justifiably be put off. That much was seen when SDC stock slid from around $15 in February to below $4 in March.
There’s also some headline risk here, as SmileDirectClub is suing Delta Dental Plans Association, Delta Dental of Illinois Foundation and Delta Dental of California, alleging the insurer acted in bad faith by denying customers teledentistry benefits.
California, the largest state economy, is increasingly hostile territory for SmileDirectClub as a legislator there has twice targeted the company, but SDC isn’t a stranger to fighting in the courts and the stock is up almost 60% over the past 90 days, indicating markets aren’t afraid of potential legal risk with this dental stock.
Align Technology (ALGN)
Source: rafapress / Shutterstock.com
Align Technology is a bigger rival of the aforementioned SmileDirectClub so investors interested in this area of the dental market don’t need to own both of these names. Headline risk is lower with Align than it is with its smaller competitor, but ALGN stock faces the same macropressures at the hands of the coronavirus.
Over the long-term, Align will continue stealing market share from traditional orthodontics equipment, but second-quarter results underscore the Covid-19 risks, as Align reported a loss of 35 cents a share, far worse than four-cent loss Wall Street expected. Like so many companies across so many industries, Align didn’t offer up any guidance for the remainder of 2020.
Having more than doubled since March, Align is now stretched on valuation. That’s one challenge, but a smaller one than whether patients will feel safe returning to dentists and orthodontists any time soon.
7 Cybersecurity Stocks Hard At Work While We Work From Home
Assuming progress on a coronavirus vaccine continues and one comes to market in the coming months, 2021 could be a solid year for ALGN stock, but investors should wait for a deeper pullback in this name.
3D Systems (DDD)
Source: Shutterstock
It’s been awhile since 3D printing stocks got some love. 3D Systems is enduring struggles of its own, having shed almost a quarter of its value, but that decline could be a signaling opportunity for risk-tolerant investors looking for dental exposure. 3D Systems’ customers hail from multiple industries, but the company is a credible dental player.
“3D Systems offers a broad range of clinically validated technologies and materials that allow dental labs to access advanced digital workflows, driving speed, efficiency and precision of a range of indications delivered to patients,” according to the company.
As is the case with Align and SmileDirectClub, DDD’s dental business is being hamstrung by the coronavirus. That is to say, dental offices need to be open and seeing patients to make use of 3D-printed dentures, implants and prosthodontics.
That being said, the long-term outlook is bright. The market for 3D printing and healthcare is booming and dental services is a major part of that growth. CAGR for the 3D printing dental market could top 23% over the next several years.
Straumann Group (SAUHY)
Source: Maxx-Studio / Shutterstock.com
Don’t be deceived by Straumann Group trading over the counter in the U.S. That’s a tactic used by many large European companies and the Swiss dental device maker fits that bill with a market capitalization of $14.58 billion.
According to Bloomberg, Straumann “manufactures metal devices implantable in the jaw, in place of missing teeth, to which prosthetic teeth are attached.” In non-dental speak, patients that need this company’s products are likely in some form of pain and are being treated by a periodontist or oral surgeon, not a standard dentist. That puts Straumann in higher margin arena than say, makers of cosmetic dentistry products.
That said, Straumann has some exposure to the aligner market via the recent acquisition of Germany’s Dr. Smile, which serves as bolt-on deal for a growing aligner business in markets such as the U.S., Brazil and Europe. Asia-Pacific and North America combine for close to 40% of the company’s revenue.
7 Cybersecurity Stocks Hard At Work While We Work From Home
Straumann isn’t the most glamorous dental stock, but the implants market — its bread and butter — is forecast to deliver a CAGR of 6% over the next several years.
Johnson & Johnson (JNJ)
JNJ) sign hangs inside in Moscow, Russia." width="300" height="169">
Source: Alexander Tolstykh / Shutterstock.com
Johnson & Johnson isn’t a dedicated dental company, far from it. But it’s the safest bet of the names mentioned here and additionally has ample exposure to the coronavirus vaccine competition for investors looking for a lower volatility play on that theme.
The bulk of JNJ’s dental exposure is derived through the company’s consumer products unit, a steady, but slow-growing part of the company’s business model. Over the past several years that unit, which includes over-the-counter medications like Tylenol and baby and beauty products, has driven a rough average of $14 billion in annual sales. The dental side of that equation is mostly attributable to floss and Listerine mouth wash. Listerine is the dominant mouth wash brand in terms of annual sales and it’s not even close.
Bottom line: JNJ is a play on dental over-the-counter retail. In more exciting news, the company is a steady dividend grower (currently yielding 2.73%) and its Covid-19 vaccine could be ready to go late this year or in early 2021 with the possibility of 1 billion doses to be delivered next year.
Todd Shriber has been an InvestorPlace contributor since 2014. As of this writing, he did not hold a position in any of the aforementioned securities.
The post 5 Dental Stocks to Buy For Big Smiles As Coronavirus Fears Ease appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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SmileDirectClub (NASDAQ:SDC) Align Technology (NASDAQ:ALGN) 3D Systems (NYSE:DDD) Straumann Group (OTCMKTS:SAUHY) Johnson & Johnson (NYSE:JNJ) SmileDirectClub (SDC) Source: Helen89 / Shutterstock.com SmileDirectClub manufactures aligners, impression kits, whitening gels and retainers, putting it firmly on the cosmetic side of the dentistry business. 3D Systems (DDD) Source: Shutterstock It’s been awhile since 3D printing stocks got some love. As is the case with Align and SmileDirectClub, DDD’s dental business is being hamstrung by the coronavirus.
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SmileDirectClub (NASDAQ:SDC) Align Technology (NASDAQ:ALGN) 3D Systems (NYSE:DDD) Straumann Group (OTCMKTS:SAUHY) Johnson & Johnson (NYSE:JNJ) SmileDirectClub (SDC) Source: Helen89 / Shutterstock.com SmileDirectClub manufactures aligners, impression kits, whitening gels and retainers, putting it firmly on the cosmetic side of the dentistry business. 3D Systems (DDD) Source: Shutterstock It’s been awhile since 3D printing stocks got some love. As is the case with Align and SmileDirectClub, DDD’s dental business is being hamstrung by the coronavirus.
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SmileDirectClub (NASDAQ:SDC) Align Technology (NASDAQ:ALGN) 3D Systems (NYSE:DDD) Straumann Group (OTCMKTS:SAUHY) Johnson & Johnson (NYSE:JNJ) SmileDirectClub (SDC) Source: Helen89 / Shutterstock.com SmileDirectClub manufactures aligners, impression kits, whitening gels and retainers, putting it firmly on the cosmetic side of the dentistry business. 3D Systems (DDD) Source: Shutterstock It’s been awhile since 3D printing stocks got some love. As is the case with Align and SmileDirectClub, DDD’s dental business is being hamstrung by the coronavirus.
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SmileDirectClub (NASDAQ:SDC) Align Technology (NASDAQ:ALGN) 3D Systems (NYSE:DDD) Straumann Group (OTCMKTS:SAUHY) Johnson & Johnson (NYSE:JNJ) SmileDirectClub (SDC) Source: Helen89 / Shutterstock.com SmileDirectClub manufactures aligners, impression kits, whitening gels and retainers, putting it firmly on the cosmetic side of the dentistry business. 3D Systems (DDD) Source: Shutterstock It’s been awhile since 3D printing stocks got some love. As is the case with Align and SmileDirectClub, DDD’s dental business is being hamstrung by the coronavirus.
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2020-07-24 00:00:00 UTC
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Proto Labs Kicks Off 3D Printing Earnings Season: What to Watch
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DDD
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https://www.nasdaq.com/articles/proto-labs-kicks-off-3d-printing-earnings-season%3A-what-to-watch-2020-07-24
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nan
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nan
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Proto Labs (NYSE: PRLB), a quick-turn contract manufacturer, is slated to report its second-quarter 2020 results before the market open on Tuesday, July 28.
The company -- which offers both traditional manufacturing and 3D printing services -- will kick off the quarterly earnings season for the 3D printing space. The two largest pure-play 3D printing companies, 3D Systems and Stratasys, are both scheduled to release their results on Aug. 5.
Investors will likely be approaching the report with caution. It's a given the company's results were hurt by the COVID-19 pandemic since many of its industrial customers were shut down during at least part of the quarter.
Image source: Proto Labs.
That said, last quarter, Proto Labs easily surpassed Wall Street's profit estimate, so there's reason to believe that it might surprise to the upside again this quarter.
In 2020, Proto Labs stock is up 27% through July 23, compared with the S&P 500's 1.2% return.
Here's what to watch in Proto Labs' report.
Key numbers
METRIC
Q2 2019 RESULT
WALL STREET'S Q2 2020 CONSENSUS ESTIMATE
WALL STREET'S PROJECTED CHANGE
Revenue
$115.9 million
$100.5 million
(15%)
Adjusted earnings per share (EPS)
$0.71
$0.36
(49%)
Data sources: Proto Labs and Yahoo! Finance.
Given the uncertainties surrounding the pandemic, management didn't issue quarterly guidance, as it historically has. However, on the April 30 first-quarterearnings call CFO John Way provided some data on April's results, which we'll get to in a moment.
For context, in the first quarter, Proto Labs' revenue edged up 1.5% (or 2% in constant currency) year over year to $115.1 million. Growth was driven by increases in the 3D printing and sheet metal businesses, which was offset by a decline in the plastic injection molding business, the company's largest segment. CNC machine results were flat with the year-ago period.
Reported EPS slipped 9% to $0.52, and adjusted EPS fell 12% to $0.61. Despite the decline, that result still managed to crush the Wall Street consensus estimate of $0.38.
The company's balance sheet remains strong. It generated $22.4 million in cash from operations during the first quarter, and ended the period with cash and equivalents of $91.9 million.
Here's how CEO Vicki Holt described the pandemic's effect on the first quarter:
During the first two and a half months of the first quarter of 2020, ordering trends were in-line with our expectations. In mid-March, as the global pandemic intensified and economic activity declined, ordering activity slowed. In the last week of March, we began to receive orders for COVID-19 related parts -- primarily injection molding in the Americas -- which helped mitigate the slowdown in other services and regions.
On last quarter's earnings call, CFO Way shared the company's revenue performance in April, the first month of the second quarter:
In total, we have received approximately $9 million in COVID-19 orders and will recognize approximately $5 million of revenue on these orders in April. These orders, combined with the increase in production orders, have resulted in projected April injection molding parts revenue growth of approximately 25% and overall injection molding growth of approximately 15%. Collectively, our other services are down approximately 20% in April compared to the prior year.
The net result for April is a year-over-year revenue decline of approximately 5%. Excluding the COVID-19 orders, the April revenue decline would have been approximately 15%.
Third-quarter 2020 guidance
The market looks ahead, so its reaction to Proto Labs' earnings release will probably hinge more on the company's outlook rather than its Q2 results, relative to Wall Street's expectations.
For Q3, analysts are currently modeling for adjusted EPS of $0.41 on revenue of $104 million, representing declines of 46% and 11.5%, respectively, year over year.
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Proto Labs (NYSE: PRLB), a quick-turn contract manufacturer, is slated to report its second-quarter 2020 results before the market open on Tuesday, July 28. In the last week of March, we began to receive orders for COVID-19 related parts -- primarily injection molding in the Americas -- which helped mitigate the slowdown in other services and regions. Third-quarter 2020 guidance The market looks ahead, so its reaction to Proto Labs' earnings release will probably hinge more on the company's outlook rather than its Q2 results, relative to Wall Street's expectations.
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Revenue $115.9 million $100.5 million (15%) Adjusted earnings per share (EPS) $0.71 $0.36 (49%) Data sources: Proto Labs and Yahoo! On last quarter's earnings call, CFO Way shared the company's revenue performance in April, the first month of the second quarter: In total, we have received approximately $9 million in COVID-19 orders and will recognize approximately $5 million of revenue on these orders in April. These orders, combined with the increase in production orders, have resulted in projected April injection molding parts revenue growth of approximately 25% and overall injection molding growth of approximately 15%.
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Revenue $115.9 million $100.5 million (15%) Adjusted earnings per share (EPS) $0.71 $0.36 (49%) Data sources: Proto Labs and Yahoo! On last quarter's earnings call, CFO Way shared the company's revenue performance in April, the first month of the second quarter: In total, we have received approximately $9 million in COVID-19 orders and will recognize approximately $5 million of revenue on these orders in April. These orders, combined with the increase in production orders, have resulted in projected April injection molding parts revenue growth of approximately 25% and overall injection molding growth of approximately 15%.
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In 2020, Proto Labs stock is up 27% through July 23, compared with the S&P 500's 1.2% return. Revenue $115.9 million $100.5 million (15%) Adjusted earnings per share (EPS) $0.71 $0.36 (49%) Data sources: Proto Labs and Yahoo! On last quarter's earnings call, CFO Way shared the company's revenue performance in April, the first month of the second quarter: In total, we have received approximately $9 million in COVID-19 orders and will recognize approximately $5 million of revenue on these orders in April.
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def32e95-f7c6-4267-a2aa-115575abfdad
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716737.0
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2020-07-23 00:00:00 UTC
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DDD September 4th Options Begin Trading
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DDD
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https://www.nasdaq.com/articles/ddd-september-4th-options-begin-trading-2020-07-23
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nan
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the September 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 4th contracts and identified one put and one call contract of particular interest.
The put contract at the $5.50 strike price has a current bid of 5 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $5.50, but will also collect the premium, putting the cost basis of the shares at $5.45 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $6.78/share today.
Because the $5.50 strike represents an approximate 19% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 0.91% return on the cash commitment, or 7.72% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp. , and highlighting in green where the $5.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $7.00 strike price has a current bid of 15 cents. If an investor was to purchase shares of DDD stock at the current price level of $6.78/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $7.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.46% if the stock gets called away at the September 4th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $7.00 strike highlighted in red:
Considering the fact that the $7.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.21% boost of extra return to the investor, or 18.78% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $6.78) to be 68%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $7.00 strike highlighted in red: Considering the fact that the $7.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the September 4th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $7.00 strike highlighted in red: Considering the fact that the $7.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the September 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 4th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $7.00 strike highlighted in red: Considering the fact that the $7.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the September 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 4th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 4th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $7.00 strike highlighted in red: Considering the fact that the $7.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the September 4th expiration.
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76be3bf3-1143-41b5-ab2f-e6e8d251647d
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716738.0
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2020-07-13 00:00:00 UTC
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Technology Sector Update for 07/13/2020: MXIM, ADI, WIMI, DDD, XLK, SOXX
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-07-13-2020%3A-mxim-adi-wimi-ddd-xlk-soxx-2020-07-13
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nan
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nan
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Technology stocks were gaining in Monday's premarket trading with the Technology Select Sector SPDR ETF (XLK) up 0.85% and the Semiconductor Sector Index Fund (SOXX) up by 1.6%.
Maxim Integrated Products (MXIM) was gaining more than 14% in value after saying it expects its fiscal Q4 revenue to be approximately $545 million, higher than previous guidance of $480 million to $540 million. The Street estimate of analysts polled by Capital IQ is for revenue of $511 million. Separately, Analog Devices (ADI) agreed to acquire Maxim in an all-stock transaction that values the combined enterprise at over $68 billion. Analog Devices was over 1% lower in recent trading.
WiMi Hologram (WIMI) surged 30% amid plans to provide holographic artificial intelligence facial recognition technology and holographic artificial intelligence facial modification technology as the basis of its holographic cloud platform services.
3D Systems (DDD) was up more than 3% as it filed a registration statement with the Securities and Exchange Commission for the shelf offering of common and preferred shares, debt securities, warrants, and units.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) was up more than 3% as it filed a registration statement with the Securities and Exchange Commission for the shelf offering of common and preferred shares, debt securities, warrants, and units. Technology stocks were gaining in Monday's premarket trading with the Technology Select Sector SPDR ETF (XLK) up 0.85% and the Semiconductor Sector Index Fund (SOXX) up by 1.6%. The Street estimate of analysts polled by Capital IQ is for revenue of $511 million.
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3D Systems (DDD) was up more than 3% as it filed a registration statement with the Securities and Exchange Commission for the shelf offering of common and preferred shares, debt securities, warrants, and units. Separately, Analog Devices (ADI) agreed to acquire Maxim in an all-stock transaction that values the combined enterprise at over $68 billion. Analog Devices was over 1% lower in recent trading.
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3D Systems (DDD) was up more than 3% as it filed a registration statement with the Securities and Exchange Commission for the shelf offering of common and preferred shares, debt securities, warrants, and units. Technology stocks were gaining in Monday's premarket trading with the Technology Select Sector SPDR ETF (XLK) up 0.85% and the Semiconductor Sector Index Fund (SOXX) up by 1.6%. Maxim Integrated Products (MXIM) was gaining more than 14% in value after saying it expects its fiscal Q4 revenue to be approximately $545 million, higher than previous guidance of $480 million to $540 million.
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3D Systems (DDD) was up more than 3% as it filed a registration statement with the Securities and Exchange Commission for the shelf offering of common and preferred shares, debt securities, warrants, and units. Technology stocks were gaining in Monday's premarket trading with the Technology Select Sector SPDR ETF (XLK) up 0.85% and the Semiconductor Sector Index Fund (SOXX) up by 1.6%. Maxim Integrated Products (MXIM) was gaining more than 14% in value after saying it expects its fiscal Q4 revenue to be approximately $545 million, higher than previous guidance of $480 million to $540 million.
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405aa08d-a031-4f8e-8162-27cc037c62f5
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716739.0
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2020-06-29 00:00:00 UTC
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Noteworthy Monday Option Activity: DDD, SNBR, ZGNX
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DDD
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-ddd-snbr-zgnx-2020-06-29
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 15,135 contracts have traded so far, representing approximately 1.5 million underlying shares. That amounts to about 66.5% of DDD's average daily trading volume over the past month of 2.3 million shares. Especially high volume was seen for the $7 strike call option expiring July 17, 2020, with 7,628 contracts trading so far today, representing approximately 762,800 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $7 strike highlighted in orange:
Sleep Number Corp (Symbol: SNBR) saw options trading volume of 2,908 contracts, representing approximately 290,800 underlying shares or approximately 61.2% of SNBR's average daily trading volume over the past month, of 475,150 shares. Especially high volume was seen for the $45 strike put option expiring July 17, 2020, with 1,099 contracts trading so far today, representing approximately 109,900 underlying shares of SNBR. Below is a chart showing SNBR's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Zogenix Inc. (Symbol: ZGNX) options are showing a volume of 9,165 contracts thus far today. That number of contracts represents approximately 916,500 underlying shares, working out to a sizeable 59.1% of ZGNX's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $32 strike call option expiring August 21, 2020, with 2,031 contracts trading so far today, representing approximately 203,100 underlying shares of ZGNX. Below is a chart showing ZGNX's trailing twelve month trading history, with the $32 strike highlighted in orange:
For the various different available expirations for DDD options, SNBR options, or ZGNX options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $7 strike call option expiring July 17, 2020, with 7,628 contracts trading so far today, representing approximately 762,800 underlying shares of DDD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 15,135 contracts have traded so far, representing approximately 1.5 million underlying shares. That amounts to about 66.5% of DDD's average daily trading volume over the past month of 2.3 million shares.
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Especially high volume was seen for the $7 strike call option expiring July 17, 2020, with 7,628 contracts trading so far today, representing approximately 762,800 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $7 strike highlighted in orange: Sleep Number Corp (Symbol: SNBR) saw options trading volume of 2,908 contracts, representing approximately 290,800 underlying shares or approximately 61.2% of SNBR's average daily trading volume over the past month, of 475,150 shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 15,135 contracts have traded so far, representing approximately 1.5 million underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 15,135 contracts have traded so far, representing approximately 1.5 million underlying shares. Especially high volume was seen for the $7 strike call option expiring July 17, 2020, with 7,628 contracts trading so far today, representing approximately 762,800 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $7 strike highlighted in orange: Sleep Number Corp (Symbol: SNBR) saw options trading volume of 2,908 contracts, representing approximately 290,800 underlying shares or approximately 61.2% of SNBR's average daily trading volume over the past month, of 475,150 shares.
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Below is a chart showing DDD's trailing twelve month trading history, with the $7 strike highlighted in orange: Sleep Number Corp (Symbol: SNBR) saw options trading volume of 2,908 contracts, representing approximately 290,800 underlying shares or approximately 61.2% of SNBR's average daily trading volume over the past month, of 475,150 shares. Below is a chart showing ZGNX's trailing twelve month trading history, with the $32 strike highlighted in orange: For the various different available expirations for DDD options, SNBR options, or ZGNX options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 15,135 contracts have traded so far, representing approximately 1.5 million underlying shares.
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cd445c91-2b12-4517-b06b-bff218c35b96
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716740.0
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2020-06-12 00:00:00 UTC
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Validea Kenneth Fisher Strategy Daily Upgrade Report - 6/12/2020
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DDD
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https://www.nasdaq.com/articles/validea-kenneth-fisher-strategy-daily-upgrade-report-6-12-2020-2020-06-12
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nan
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nan
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The following are today's upgrades for Validea's Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins.
3D SYSTEMS CORPORATION (DDD) is a small-cap value stock in the Computer Peripherals industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: 3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments. Its solutions support applications in a range of industries, including healthcare, aerospace, automotive and durable goods. The Company offers a range of 3D printers, print materials, software, haptic devices, scanners and virtual surgical simulators. The Company offers a range of 3D printing technologies, including Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Printing (DMP), MultiJet Printing (MJP) and ColorJet Printing (CJP). The Company also offers 3D virtual reality simulators and simulator modules for medical applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
Detailed Analysis of 3D SYSTEMS CORPORATION
Full Guru Analysis for DDD
Full Factor Report for DDD
MARTEN TRANSPORT, LTD (MRTN) is a small-cap growth stock in the Trucking industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage. It operates throughout the United States and in parts of Canada and Mexico. The Company's medium-to-long-haul traffic lanes are between the Midwest and the West Coast, Southwest, Southeast, and the East Coast, as well as from California to the Pacific Northwest. It provides regional truckload carrier services in the Southeast, West Coast, Midwest, South Central and Northeast regions. It also offers loading and unloading activities, equipment detention and other ancillary services. The Company's Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
Detailed Analysis of MARTEN TRANSPORT, LTD
Full Guru Analysis for MRTN
Full Factor Report for MRTN
MYRIAD GENETICS, INC. (MYGN) is a small-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Kenneth Fisher changed from 38% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Myriad Genetics, Inc. is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual's risk for developing disease later in life, identify a patient's likelihood of responding to drug therapy and guide a patient's dosing to enable optimal treatment, or assess a patient's risk of disease progression and disease recurrence. The other segment provides testing products and services to the pharmaceutical, biotechnology and medical research industries, research and development, and clinical services for patients, and also includes corporate services, such as finance, human resources, legal and information technology. Its molecular diagnostic tests include myRisk Hereditary Cancer, BRACAnalysis CDx and COLARIS.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
Detailed Analysis of MYRIAD GENETICS, INC.
Full Guru Analysis for MYGN
Full Factor Report for MYGN
NORTHWEST PIPE COMPANY (NWPX) is a small-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Kenneth Fisher changed from 50% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St. Louis, Missouri; Salt Lake City, Utah, and Monterrey, Mexico. The Company, through Water Transmission Group, produces engineered welded steel pipe products for use in water transmission applications. The Company's solutions-based products are used in water transmission, plant piping, tunnels and river crossings applications. The Company also provides bar-wrapped concrete cylinder pipe, reinforced concrete pipe and T-Lock, a proprietary polyvinyl chloride (PVC) lining for concrete pipe sewer applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: PASS
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
Detailed Analysis of NORTHWEST PIPE COMPANY
Full Guru Analysis for NWPX
Full Factor Report for NWPX
HAWKINS, INC. (HWKN) is a small-cap value stock in the Chemical Manufacturing industry. The rating according to our strategy based on Kenneth Fisher changed from 50% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hawkins, Inc. distributes, blends and manufactures chemicals and specialty ingredients for its customers in a range of industries. The Company conducts its business in three segments: Industrial, Water Treatment, and Health and Nutrition. Its Industrial segment is engaged in providing industrial chemicals, products and services to various industries, such as agriculture, chemical processing, electronics and energy. Its Water Treatment segment is engaged in providing chemicals, equipment and solutions for potable water, municipal and industrial wastewater, industrial process water and non-residential swimming pool water. The Health and Nutrition segment is engaged in providing ingredient distribution, processing and formulation solutions to manufacturers of nutraceutical, functional food and beverage, personal care, dietary supplement and other nutritional food, and health and wellness products.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: PASS
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
Detailed Analysis of HAWKINS, INC.
Full Guru Analysis for HWKN
Full Factor Report for HWKN
CUTERA, INC. (CUTR) is a small-cap value stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Kenneth Fisher changed from 40% to 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Cutera, Inc. is a medical device company. The Company is engaged in the design, development, manufacture, marketing and servicing of laser and other energy-based aesthetics systems for practitioners across the world. The Company offers products based on product platforms, such as enlighten, excel HR, truSculpt, excel V and xeo, each of which enables physicians and other practitioners to perform aesthetic procedures for customers. Each of its laser and other energy-based platforms consists of one or more hand pieces and a console that incorporates a universal graphical user interface, a laser or other energy-based module, control system software and high voltage electronics. The Company also offers products, such as CoolGlide that includes CV, Excel and Vantage; Solera that includes Titan S, ProWave 770, OPS 600, LP560, AcuTip 500, Titan V/XL and LimeLight, and a third-party sourced system, myQ for the Japanese market.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
Detailed Analysis of CUTERA, INC.
Full Guru Analysis for CUTR
Full Factor Report for CUTR
SAIA INC (SAIA) is a mid-cap growth stock in the Trucking industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Saia, Inc., is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across North America. The Company's subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier. Saia LTL Freight serves approximately 34 states in the South, Southwest, Midwest, Pacific Northwest and West and portions of the Northeast. Saia LTL Freight specializes in offering its customers a range of regional and interregional LTL services, including time-definite and expedited options. Saia LTL Freight primarily provides its customers with solutions for shipments approximately between 100 and 10,000 pounds, but also provides truckload services. It operated a network consisting of approximately 166 owned and leased locations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: PASS
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
Detailed Analysis of SAIA INC
Full Guru Analysis for SAIA
Full Factor Report for SAIA
THE HACKETT GROUP, INC. (HCKT) is a small-cap growth stock in the Business Services industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Hackett Group, Inc. is an advisory and technology consulting company. The Company's services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services. It focuses on business strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology, including Oracle Enterprise Performance Management (EPM) and SAP practices. It offers a range of services, including executive advisory programs, benchmarking, business transformation and technology consulting services. Its advisory programs include a mix of the deliverables, such as Best Practice Intelligence Center, Best Practice Accelerators, Advisor Inquiry, Best Practice Research and Peer Interaction. Its Business Transformation programs help clients develop a coordinated strategy for achieving performance improvements across the enterprise.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
Detailed Analysis of THE HACKETT GROUP, INC.
Full Guru Analysis for HCKT
Full Factor Report for HCKT
STRATASYS LTD (SSYS) is a small-cap growth stock in the Computer Peripherals industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Stratasys Ltd. is a provider of three dimensional (3D) printing and additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. The Company's solutions include products ranging from entry-level desktop 3D printers to systems for rapid prototyping (RP) and production systems for direct digital manufacturing (DDM). As of December 31, 2016, it offered 3D printing consumable materials, consisting of 15 fused deposition modeling (FDM), cartridge-based materials, 26 PolyJet cartridge-based materials, five smooth curvature printing (SCP) inkjet-based materials, 158 non-color digital materials, and over 1,500 color variations, as well as its four SolidScape non-toxic thermoplastic modeling materials. The Company's products and services are used in various industries, including aerospace, automotive, consumer electronics, consumer goods, education, dental, jewelry and others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
Detailed Analysis of STRATASYS LTD
Full Guru Analysis for SSYS
Full Factor Report for SSYS
More details on Validea's Kenneth Fisher strategy
About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D SYSTEMS CORPORATION (DDD) is a small-cap value stock in the Computer Peripherals industry. Detailed Analysis of 3D SYSTEMS CORPORATION Full Guru Analysis for DDD Full Factor Report for DDD MARTEN TRANSPORT, LTD (MRTN) is a small-cap growth stock in the Trucking industry. The Company produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St. Louis, Missouri; Salt Lake City, Utah, and Monterrey, Mexico.
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Detailed Analysis of 3D SYSTEMS CORPORATION Full Guru Analysis for DDD Full Factor Report for DDD MARTEN TRANSPORT, LTD (MRTN) is a small-cap growth stock in the Trucking industry. 3D SYSTEMS CORPORATION (DDD) is a small-cap value stock in the Computer Peripherals industry. Detailed Analysis of MARTEN TRANSPORT, LTD Full Guru Analysis for MRTN Full Factor Report for MRTN MYRIAD GENETICS, INC. (MYGN) is a small-cap growth stock in the Biotechnology & Drugs industry.
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3D SYSTEMS CORPORATION (DDD) is a small-cap value stock in the Computer Peripherals industry. Detailed Analysis of 3D SYSTEMS CORPORATION Full Guru Analysis for DDD Full Factor Report for DDD MARTEN TRANSPORT, LTD (MRTN) is a small-cap growth stock in the Trucking industry. Detailed Analysis of NORTHWEST PIPE COMPANY Full Guru Analysis for NWPX Full Factor Report for NWPX HAWKINS, INC. (HWKN) is a small-cap value stock in the Chemical Manufacturing industry.
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3D SYSTEMS CORPORATION (DDD) is a small-cap value stock in the Computer Peripherals industry. Detailed Analysis of 3D SYSTEMS CORPORATION Full Guru Analysis for DDD Full Factor Report for DDD MARTEN TRANSPORT, LTD (MRTN) is a small-cap growth stock in the Trucking industry. Company Description: Northwest Pipe Company is a manufacturer of engineered steel pipe water systems.
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5b593e1c-3c6d-4d57-a4c1-3f2f4e7d9f2e
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716741.0
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2020-06-02 00:00:00 UTC
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Is 3D Systems Stock a Buy?
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DDD
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https://www.nasdaq.com/articles/is-3d-systems-stock-a-buy-2020-06-02
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nan
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nan
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A decade ago, 3D printing seemed like the future of design and manufacturing. With relatively common software, anyone could build a 3D printed model, opening up seemingly endless applications for everyone from hobbyists and educators to high-end manufacturers.
But the 3D printing market didn't turn out to be very lucrative for 3D printing companies themselves. Losses have mounted and stocks have been crushed, including that of 3D Systems (NYSE: DDD), which is one of the industry leaders. So is now the time to scoop up the stock, or has this contender fallen short?
Image source: Getty Images.
A bleak financial picture
You can see the financial struggles 3D Systems has had below. Revenue is now declining and net losses are continuing. There are a number of reasons for this, but the two big drivers are the lack of scale for 3D printing overall, and trouble the company has had turning its materials business into a high-margin recurring revenue business, a la razors (low margin) and blades (high margin).
DDD data by YCharts
In 2019, which doesn't include any impact from COVID-19, the company reported a 5.4% decline in services revenue, which should be where the company is growing most as it tries to sell more services rather than just printers to customers. Healthcare solutions, on-demand services, and software sales all fell in 2019, which aren't good signs.
It's possible these trends could change, but right now I think 3D printers, materials, and services are largely considered commodities. Sure, there are some high-end, high-value printing applications, but they're few and far between, and won't drive the scale 3D Systems needs long-term.
Where the value is for 3D printing
To understand why I think 3D printing companies will struggle long-term, I think we need to look at the process of printing a 3D part. The first step is to build a model, likely using computer-aided design (CAD) software that's made by a company like Autodesk (NASDAQ: ADSK). From there, you can print on any number of 3D printers using name-brand materials, or some generic materials will work as well.
You can see the problem here: The value and scale really lie in the CAD software. That's where customers can be locked in by a system, and entire industries end up getting built around one company, like architecture is with Autodesk. Any 3D printer will work with almost any CAD file, making it a commodity part of the value stack. And with material going generic as well, there's little opportunity to build vertical integration on the manufacturing side.
The better plays in 3D printing
I don't think 3D Systems stock is a buy today. But if you're interested in the industry, the better play is Autodesk. That's the company that makes the critical software for the industry, and has both scale and consumer lock-in for many of its markets. That's better than being in the commodity 3D printing business, which looks like it's where 3D Systems finds itself.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 16, 2020
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Autodesk. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Losses have mounted and stocks have been crushed, including that of 3D Systems (NYSE: DDD), which is one of the industry leaders. DDD data by YCharts In 2019, which doesn't include any impact from COVID-19, the company reported a 5.4% decline in services revenue, which should be where the company is growing most as it tries to sell more services rather than just printers to customers. With relatively common software, anyone could build a 3D printed model, opening up seemingly endless applications for everyone from hobbyists and educators to high-end manufacturers.
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Losses have mounted and stocks have been crushed, including that of 3D Systems (NYSE: DDD), which is one of the industry leaders. DDD data by YCharts In 2019, which doesn't include any impact from COVID-19, the company reported a 5.4% decline in services revenue, which should be where the company is growing most as it tries to sell more services rather than just printers to customers. From there, you can print on any number of 3D printers using name-brand materials, or some generic materials will work as well.
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Losses have mounted and stocks have been crushed, including that of 3D Systems (NYSE: DDD), which is one of the industry leaders. DDD data by YCharts In 2019, which doesn't include any impact from COVID-19, the company reported a 5.4% decline in services revenue, which should be where the company is growing most as it tries to sell more services rather than just printers to customers. But the 3D printing market didn't turn out to be very lucrative for 3D printing companies themselves.
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DDD data by YCharts In 2019, which doesn't include any impact from COVID-19, the company reported a 5.4% decline in services revenue, which should be where the company is growing most as it tries to sell more services rather than just printers to customers. Losses have mounted and stocks have been crushed, including that of 3D Systems (NYSE: DDD), which is one of the industry leaders. Where the value is for 3D printing To understand why I think 3D printing companies will struggle long-term, I think we need to look at the process of printing a 3D part.
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d67abf84-68f4-4501-b403-350e79bfb649
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716742.0
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2020-05-30 00:00:00 UTC
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3D Systems vs. Stratasys: Which Had the Better Q1 Earnings Results?
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DDD
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https://www.nasdaq.com/articles/3d-systems-vs.-stratasys%3A-which-had-the-better-q1-earnings-results-2020-05-31
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nan
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nan
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Earlier this month, 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) reported first-quarter 2020 results. (3D Systems' results here and Stratasys' here). We're going to compare the two 3D printing companies' results metric for metric.
Keep in mind that qualitative factors can be just as meaningful as quantitative ones and we're looking at just one quarter. Even with these caveats, however, the findings from this exercise should help you make investing decisions in the 3D printing space.
Image source: Getty Images.
Revenue
COMPANY
Q1 2020 RESULT
3D Systems
$134.7 million, down 11% from the year-ago period
Stratasys
$132.9 million, down 14%
Data sources: company earnings reports.
Advantage: Tie.
Both companies experienced fairly sizable year-over-year sales declines. These declines were in the same ballpark percentage-wise, so this category is a draw.
Both companies were already struggling to grow revenue before the COVID-19 pandemic due largely to a weak global macroeconomic industrial environment. 3D Systems was also hurt by having to pause shipments of its factory metals printing solution due to quality issues. (Shipments resumed in April.)
The pandemic hurt both companies' results, with the brunt of the impact in March. The impact was due largely to lower demand from customers in their target verticals, particularly those in the aerospace and auto industries. 3D Systems management also said that the company experienced supply chain interruptions.
GAAP earnings per share (EPS)
COMPANY
Q1 2020 RESULT
3D Systems
($0.17), up from ($0.22) in the year-ago period
Stratasys
($0.40), down from ($0.04)
Data sources: company earnings reports. GAAP = generally accepted accounting principles.
Advantage: 3D Systems.
Both companies were unprofitable from a GAAP basis. 3D Systems is the winner (or the "lesser loser," more accurately) here because its results improved relative to the year-ago period, while Stratasys' got considerably worse.
Adjusted EPS
COMPANY
Q1 2020 RESULT
3D Systems
($0.04), up from ($0.09) in the year-ago period
Stratasys
($0.19), down from $0.10
Data sources: company earnings reports.
Advantage: 3D Systems.
3D Systems gets this win, too. Its non-GAAP (adjusted) loss per share narrowed from the year-ago period. Stratasys' result considerably worsened, flipping to negative, from positive.
Adjusted gross margin
COMPANY
Q1 2020 RESULT
3D Systems
43.1%, down from 44.2% in the year-ago period
Stratasys
48.8%, down from 52%
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys is the clear winner here. Its adjusted gross margin was 5.7 percentage points higher than 3D Systems'.
Stratasys is also the winner if we consider GAAP gross margin. Its result for this metric was 45%, versus 3D Systems' 42.4%.
A higher gross margin relative to a competitor with a quite similar business can reflect stronger pricing power.
Liquidity -- operating cash flow and cash on hand
COMPANY
Q1 2020 RESULT
3D Systems
Used $2.3 million in cash from operations in the quarter.
Ended the quarter with $112.8 million in cash and cash equivalents.
Stratasys
Generated $11.3 million in cash from operations in the quarter.
Ended the quarter with $325.5 million in cash and cash equivalents.
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys generated cash from operations in the quarter, while 3D Systems ate into its cash to run its operations.
In addition, Stratasys had about twice as much cash on hand as its competitor at the end of the period. Its stronger balance sheet gives it the upper hand in acquisitions and the ability to better withstand tough times.
Research and development spending
COMPANY
Q1 2020 RESULT
3D Systems
$19.2 million, or 14.3% of revenue
Stratasys
$24.2 million, or 18.2% of revenue
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys spent more money -- both on an absolute basis and as a percentage of revenue -- on R&D than did 3D Systems.
R&D spending can be viewed as an investment to fuel growth. It's critical for companies in the technology space to continue to innovate.
The winner is... Stratasys
Score: Stratasys: 3; 3D Systems: 2 tie: 1.
There was no runaway winner, but Stratasys did edge out 3D Systems.
Keep in mind the two caveats mentioned at the top of this article: qualitative factors can be as important as quantitative ones, and we only considered one quarter's results.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 16, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Earlier this month, 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) reported first-quarter 2020 results. Both companies were already struggling to grow revenue before the COVID-19 pandemic due largely to a weak global macroeconomic industrial environment. 3D Systems is the winner (or the "lesser loser," more accurately) here because its results improved relative to the year-ago period, while Stratasys' got considerably worse.
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Earlier this month, 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) reported first-quarter 2020 results. 3D Systems $134.7 million, down 11% from the year-ago period Stratasys $132.9 million, down 14% Data sources: company earnings reports. 3D Systems ($0.17), up from ($0.22) in the year-ago period Stratasys ($0.40), down from ($0.04) Data sources: company earnings reports.
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Earlier this month, 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) reported first-quarter 2020 results. 3D Systems $134.7 million, down 11% from the year-ago period Stratasys $132.9 million, down 14% Data sources: company earnings reports. 3D Systems ($0.17), up from ($0.22) in the year-ago period Stratasys ($0.40), down from ($0.04) Data sources: company earnings reports.
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Earlier this month, 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) reported first-quarter 2020 results. (3D Systems' results here and Stratasys' here). In addition, Stratasys had about twice as much cash on hand as its competitor at the end of the period.
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cbad064a-ed6d-4427-94df-13e86719c20f
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716743.0
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2020-05-29 00:00:00 UTC
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2 Under-the-Radar 3D Printing Stocks Continue to Crush the Market
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DDD
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https://www.nasdaq.com/articles/2-under-the-radar-3d-printing-stocks-continue-to-crush-the-market-2020-05-29
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nan
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nan
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Many investors probably consider 3D printing a loser space. This is understandable since the group's two best-known and longest publicly traded companies, 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS), seem to have become experts at printing red ink. Their struggles growing revenue and turning a profit have resulted in their stocks performing poorly since peaking more than six years ago.
But writing off the entire group is a mistake. Theglobal marketfor 3D printing products and services is expected to reach $40 billion in 2024, for a compound annual growth rate of more than 26%, according to Statista. That's just a little behind IDC's estimate that the artificial intelligence market will grow at an average annual rate of about 28% from 2019 through 2023. (You can read my picks for the top AI stocks here.)
Moreover, there are two lesser-known 3D printing stocks that have not only crushed the market so far in 2020, but have also outperformed over the mid-term and since their initial public offerings (IPOs): Proto Labs (NYSE: PRLB) and Materialise (NASDAQ: MTLS), which had their IPOs in 2012 and 2014, respectively.
A 3D printer at work. Image source: Getty Images.
3D printing stocks: Key stats
Before we get into our two winning 3D printing stocks, let's look at some keys stats for them, as well as for 3D Systems and Stratasys.
COMPANY MARKET CAP P/E WALL STREET'S PROJECTED 5-YEAR ANNUALIZED EPS GROWTH YTD 2020 RETURN (LOSS) 3-YEAR RETURN
Proto Labs $3.4 billion
55
25% 24.3% 97.3%
Materialise $1.4 billion 265 63% 40.2% 97.5%
3D Systems $898 million N/A 10% (13.7%) (65.7%)
Stratasys $995 million N/A 36% (10.3%) (35.5%)
S&P 500 -- -- -- (5.4%) 33.1%
Data sources: Yahoo! Finance and YCharts. Data to May 28, 2020. P/E is for trailing 12 months. YTD = year to date.
Wall Street analysts expect Stratasys to return to adjusted profitability for full-year 2020. Analysts don't expect Materialise to be profitable on an adjusted basis in 2020, but are modeling for it to return to such profitability next year.
It might surprise many investors that Proto Labs and Materialise are whipping big tech stocks like Alphabet and Facebook in 2020 and over the last three years.
Proto Labs
Proto Labs is a technology-enabled, quick-turn contract manufacturer. It's not a pure play on 3D printing because it has both traditional manufacturing and 3D printing capabilities. It produces plastic and metal prototypes and short-production-run parts to customers' specifications. The company has operations in the United States, Europe, and Japan.
Unlike 3D Systems and Stratasys, Proto Labs doesn't make 3D printers. The three companies are competitors, however, in the 3D printing services space. Proto Labs surely has the edge. It touts that its technology-enabled approach gives it the fastest turnaround speed in the industry. This is a huge competitive advantage because it helps customers move through the product development process faster.
In the first quarter of 2020, Proto Labs' revenue broke down by manufacturing service as follows:
48% plastic injection molding
33% metal CNC machining
14% 3D printing (plastics and metals)
5% sheet metal working
While the 3D printing business is a relatively small percentage of the company's total revenue, it's growing faster than the overall business, so it's on track to grow in importance. In Q1, Proto Labs' overall revenue grew 1.5% year over year -- a solid performance considering the last two weeks of the quarter were hurt by the fallout from the COVID-19 pandemic -- while 3D printing revenue rose 10%.
Materialise
If you're looking for a pure play on 3D printing, Materialise deserves your consideration. It has three segments: 3D printing software, 3D printing services, and medical. The last business spans both services and software, and includes sales of 3D-printed medical devices.
The company seems to fly under the radar of many investors, at least those in the U.S., probably at least in part because it is headquartered in Belgium. It's a shame that it gets overlooked since its stock has been a big winner.
The company is unique. Like Proto Labs, it doesn't manufacture 3D printers. And while 3D Systems and Stratasys both sell software, their software businesses are not as significant as Materialise's. In the first quarter, Materialise's total software revenue (the software segment plus medical software) accounted for 32% of its total revenue, and a considerably larger percentage of its total segment adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). (We can't determine an exact percentage since medical software profitability isn't broken out from overall medical segment profitability.) Its focus on software has been a key reason for its success over the years, and makes it as much a tech company as an industrial one.
Materialise gets another notable check mark in the plus column: It's run by its founder, Wilfried Vancraen. That's a 30-year tenure, as he and his wife founded the company in 1990. Studies have shown that stocks of founder-led companies tend to outperform. Vancraen is in his 50s, according to The Wall Street Journal, so investors probably don't need to be concerned about a near-term retirement.
Materialise is unique in the founder-led respect, too. 3D Systems and Stratasys have had considerable turnover in their C-suites. Proto Labs also looks solid from the leadership stability standpoint. It's on its third CEO since its 1999 founding, but that's probably only because its previous CEO passed the baton in 2014 after becoming very ill. Its CFO also joined the company in 2014.
10 stocks we like better than Proto Labs
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 16, 2020
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Facebook, and Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This is understandable since the group's two best-known and longest publicly traded companies, 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS), seem to have become experts at printing red ink. Their struggles growing revenue and turning a profit have resulted in their stocks performing poorly since peaking more than six years ago. Theglobal marketfor 3D printing products and services is expected to reach $40 billion in 2024, for a compound annual growth rate of more than 26%, according to Statista.
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This is understandable since the group's two best-known and longest publicly traded companies, 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS), seem to have become experts at printing red ink. Proto Labs $3.4 billion 55 25% 24.3% 97.3% Materialise $1.4 billion 265 63% 40.2% 97.5% 3D Systems $898 million N/A 10% (13.7%) (65.7%) Stratasys $995 million N/A 36% (10.3%) (35.5%) In the first quarter of 2020, Proto Labs' revenue broke down by manufacturing service as follows: 48% plastic injection molding 33% metal CNC machining 14% 3D printing (plastics and metals) 5% sheet metal working While the 3D printing business is a relatively small percentage of the company's total revenue, it's growing faster than the overall business, so it's on track to grow in importance.
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This is understandable since the group's two best-known and longest publicly traded companies, 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS), seem to have become experts at printing red ink. Moreover, there are two lesser-known 3D printing stocks that have not only crushed the market so far in 2020, but have also outperformed over the mid-term and since their initial public offerings (IPOs): Proto Labs (NYSE: PRLB) and Materialise (NASDAQ: MTLS), which had their IPOs in 2012 and 2014, respectively. 3D printing stocks: Key stats Before we get into our two winning 3D printing stocks, let's look at some keys stats for them, as well as for 3D Systems and Stratasys.
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This is understandable since the group's two best-known and longest publicly traded companies, 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS), seem to have become experts at printing red ink. It might surprise many investors that Proto Labs and Materialise are whipping big tech stocks like Alphabet and Facebook in 2020 and over the last three years. In the first quarter of 2020, Proto Labs' revenue broke down by manufacturing service as follows: 48% plastic injection molding 33% metal CNC machining 14% 3D printing (plastics and metals) 5% sheet metal working While the 3D printing business is a relatively small percentage of the company's total revenue, it's growing faster than the overall business, so it's on track to grow in importance.
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716744.0
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2020-05-28 00:00:00 UTC
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3D Systems Just Got a New CEO; Is He Up to the Challenge?
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https://www.nasdaq.com/articles/3d-systems-just-got-a-new-ceo-is-he-up-to-the-challenge-2020-05-28
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3D Systems' (NYSE: DDD) investors can probably relate to Bill Murray's character in the movie Groundhog Day. Rather than reliving the same day over and over, they've been reliving changes in the 3D printing company's C-suite over and over again.
On Tuesday, 3D Systems' new CEO, Jeffrey Graves, took the reins from Vyomesh Joshi, who reportedly notified the board in February that he planned to retire as soon as a successor was hired, or by year's end at the latest.
Joshi held the top spot for four years. That's not such a bad tenure for a CEO of a company in turnaround mode. However, now the company is again searching for a permanent CFO, less than nine months after its last financial leader came on board. Frequent turnover at high levels is costly for companies, so should be viewed by investors with a critical eye.
Graves has a huge challenge on his hands. Investors, of course, want to get some feel for whether he seems he's up to the task.
Image source: Getty Images.
What is Jeffrey Graves' background?
Graves has 17 years of CEO experience, all at manufacturing companies. He holds a B.S., M.S., and PhD in metallurgical engineering and materials science, according to 3D Systems' press release.
Graves came to 3D Systems from MTS Systems (NASDAQ: MTSC), where he held the top spot for eight years. That company is a leading global supplier of high-performance test, simulation, and measurement systems. Coincidentally, it's headquartered in the same Minnesota city, Eden Prairie, as 3D Systems' arch-rival, Stratasys (NASDAQ: SSYS), which is based in both that Minneapolis suburb and an Israeli city. (Stratasys' dual headquarters stems from a 2012 merger.)
Many investors are probably curious as to how MTS Systems stock performed under Graves' tenure as CEO. So, here you go:
Data by YCharts.
In 2020, MTS stock has fallen off a cliff due to the COVID-19 pandemic, which has disproportionately hurt companies in the industrial sector, particularly those with a high concentration of customers in the auto and aerospace industries.
This pandemic hit, of course, shouldn't be counted against Graves. But since he was CEO for a long time before this global crisis occurred -- nearly eight years -- it seems fair to consider MTS stock's performance during his tenure up through the time the pandemic sank the market.
The chart shows that MTS stock had a positive return over this period. (The same is not true of 3D Systems stock, which was underwater over this period.) However, it significantly underperformed the broader market.
Of course, it's not possible to conclude that MTS stock's underperformance was in any way Graves' fault. For instance, it's possible the stock would have performed more poorly had someone else been CEO. So, just take this information as a data point, not a judgment.
Who's the interim CFO?
Along with Graves, 3D Systems' interim CFO, Wayne Pensky, also began his new job on Tuesday.
He replaces Todd Booth, whose tenure as the company's financial leader began last September. (Booth was 3D Systems' third CFO in less than four years. That makes Pensky its fourth CFO in less than five years.)
Pensky came out of retirement to take the interim job while the company looks for a permanent replacement for Booth. Prior to retiring in 2017, Pensky was CFO for 10 years of Hexcel Corp. (NYSE: HXL), a manufacturer of advanced composite materials used in aerospace and industrial applications.
Graves sits on Hexcel's board of directors, so it's easy to understand how Pensky ended up joining 3D Systems.
This needs to be the top priority for the new top duo
Like Stratasys, 3D Systems has been struggling to grow revenue and turn a profit in recent years. The overall 3D printing market has been growing. So, the issue is related to strategy or execution, or both.
Job No. 1 for Graves and Pensky, in my opinion, is to make darn sure that no new products are released prematurely. This issue plagued 3D Systems in the pre-Joshi era, and the company's biggest misstep under Joshi's watch, in my view, was the premature release of its factory metals solution. Customers ran into notable quality problems, so the company had to stop shipping the systems and diagnose and fix the bugs. During 3D Systems' recent conference call following the release of its first-quarter results, Joshi said the company began shipping the systems again in April.
There can be little doubt that some companies are hesitant to do business with 3D Systems because they're concerned that they'll end up with a pricey piece of equipment that doesn't function properly. This isn't just an inconvenience, but can also set back their own production timeline.
Stick with Proto Labs for now
For investors, cautious optimism is the name of the game with respect to 3D Systems' new top management. Graves and Pensky seem quite capable, but turning this company around is going to be tough.
For now, contract manufacturer Proto Labs (NYSE: PRLB) remains a better play on the growth of 3D printing than 3D Systems and Stratasys. Its top management is stable, and it has a reputation for quality and fast turnaround time. Moreover, Proto Labs stock has outperformed the market so far in 2020, as well as over the past three and five years.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 16, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems' (NYSE: DDD) investors can probably relate to Bill Murray's character in the movie Groundhog Day. On Tuesday, 3D Systems' new CEO, Jeffrey Graves, took the reins from Vyomesh Joshi, who reportedly notified the board in February that he planned to retire as soon as a successor was hired, or by year's end at the latest. Prior to retiring in 2017, Pensky was CFO for 10 years of Hexcel Corp. (NYSE: HXL), a manufacturer of advanced composite materials used in aerospace and industrial applications.
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3D Systems' (NYSE: DDD) investors can probably relate to Bill Murray's character in the movie Groundhog Day. Many investors are probably curious as to how MTS Systems stock performed under Graves' tenure as CEO. Along with Graves, 3D Systems' interim CFO, Wayne Pensky, also began his new job on Tuesday.
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3D Systems' (NYSE: DDD) investors can probably relate to Bill Murray's character in the movie Groundhog Day. Graves came to 3D Systems from MTS Systems (NASDAQ: MTSC), where he held the top spot for eight years. Many investors are probably curious as to how MTS Systems stock performed under Graves' tenure as CEO.
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3D Systems' (NYSE: DDD) investors can probably relate to Bill Murray's character in the movie Groundhog Day. Many investors are probably curious as to how MTS Systems stock performed under Graves' tenure as CEO. Along with Graves, 3D Systems' interim CFO, Wayne Pensky, also began his new job on Tuesday.
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716745.0
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2020-05-15 00:00:00 UTC
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Stratasys' Earnings Miss Expectations; Stock Drops 7%
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DDD
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https://www.nasdaq.com/articles/stratasys-earnings-miss-expectations-stock-drops-7-2020-05-15
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Stratasys (NASDAQ: SSYS) reported weak first-quarter 2020 results before the market opened on Thursday, May 14.
Shares dropped 7.4% on Thursday, which we can attribute to revenue and earnings both falling short of Wall Street's consensus estimates.
The 3D printing company was already struggling to grow revenue before the COVID-19 pandemic. As with many companies, including rival 3D Systems (NYSE: DDD), the crisis significantly hurt demand for its products and services in the latter part of the quarter. Many entities in its target verticals of automotive, aerospace, education, and, to a lesser extent, healthcare were shut down in March to help stem the spread of the virus.
In 2020, Stratasys stock is down 25.1%. For context, the S&P 500 (including dividends) and 3D Systems stock are in the red just over 11% and nearly 21%, respectively.
Image source: Getty Images.
Stratasys' key numbers
METRIC
Q1 2020
Q1 2019
CHANGE
Revenue
$132.9 million
$155.3 million
(14.4%)
GAAP operating income
($19.9 million)
($3.3 million)
N/A. Loss expanded 503%.
Adjusted operating income
($8.4 million)
$6.8 million
N/A. Result flipped to negative from positive.
GAAP net income
($21.7 million)
($2.3 million)
N/A. Loss expanded 843%.
Adjusted net income
($10.6 million)
$5.7 million
N/A. Result flipped to negative from positive.
GAAP earnings per share (EPS)
($0.40)
($0.04)
N/A. Loss expanded 900%
Adjusted EPS
($0.19)
$0.10 N/A. Result flipped to negative from positive.
Data source: Stratasys. GAAP = generally accepted accounting principles.
Stratasys said the revenue decline was "primarily" due to the pandemic. For context, in the fourth quarter of 2019, its revenue fell 9.5% year over year. There was no negative impact from the crisis in that quarter's results. So, if "primarily" is an accurate word, than we can deduce that Stratasys' Q1 year-over-year performance excluding the effect from the pandemic improved sequentially.
For additional context, 3D Systems' first-quarter revenue fell 11.4% year over year.
Analysts were looking for an adjusted loss per share of $0.05 on revenue of $136.5 million. Stratasys missed on both counts, with the bottom line miss being a big one.
The company generated $11.3 million of cash from operations during the quarter and ended the period with $325.5 million in cash and cash equivalents. Its balance sheet remains free of debt.
GAAP gross margin was 45%, down from 49.2% in the year-ago period and also lower than the fourth quarter's 49.1%. Adjusted gross margin came in at 48.8%, down from 52% in the year-ago period and also lower than last quarter's 52.4%.
Stratasys attributed the gross margin decline to a shift in product and service mix away from hardware and consumables. It "strongly believes that gross margins will return to their recent levels as the economy recovers," according to the earnings release.
Segment results
SEGMENT
Q1 2020 REVENUE
CHANGE (YOY)
Product
$83.2 million
(21%)
Service
$49.7 million
(1%)
Total
$132.9 million
(14.4%)
Data source: Stratasys. YOY = year over year.
Within the product segment, 3D printer revenue plummeted 40% year over year and consumables (print materials) revenue fell 6%.
What management had to say
Here's what CEO Yoav Zeif had to say on the earnings call:
... Stratasys was well positioned to mobilize what we believe is the largest additive manufacturing network in the world, in order to assist in the fight against COVID-19. We leveraged our application expertise, our channel and partner network and our corporatewide resources to help get a variety of printed parts to the global medical community.
We are well prepared to manage the downturn with a strong balance sheet and focus on cost control and cash generation. We have over $325 million in cash and equivalents and no debt. Our engagement level with our customers remains high and the demand for our systems is strong. It's clear that this crisis has helped generate significant awareness that 3D printing is becoming essential for accelerating and improving design, speeding up time to market and production, and creating less dependent and more resilient global supply chains, including localized digital inventory and distributed manufacturing.
2020 guidance withdrawn
As with many companies, Stratasys withdrew its full-year 2020 guidance due to the economic uncertainty caused by the COVID-19 crisis.
For reference, its previously issued outlook was for revenue between $620 million and $680 million, compared with revenue of $636.1 million last year, and adjusted earnings per share of $0.45 to $0.60, compared with adjusted EPS of $0.56 in 2019.
10 stocks we like better than Stratasys
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 16, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As with many companies, including rival 3D Systems (NYSE: DDD), the crisis significantly hurt demand for its products and services in the latter part of the quarter. Many entities in its target verticals of automotive, aerospace, education, and, to a lesser extent, healthcare were shut down in March to help stem the spread of the virus. What management had to say Here's what CEO Yoav Zeif had to say on the earnings call: ... Stratasys was well positioned to mobilize what we believe is the largest additive manufacturing network in the world, in order to assist in the fight against COVID-19.
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As with many companies, including rival 3D Systems (NYSE: DDD), the crisis significantly hurt demand for its products and services in the latter part of the quarter. Revenue $132.9 million $155.3 million (14.4%) GAAP operating income ($19.9 million) ($3.3 million) N/A. For additional context, 3D Systems' first-quarter revenue fell 11.4% year over year.
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As with many companies, including rival 3D Systems (NYSE: DDD), the crisis significantly hurt demand for its products and services in the latter part of the quarter. Revenue $132.9 million $155.3 million (14.4%) GAAP operating income ($19.9 million) ($3.3 million) N/A. Product $83.2 million (21%) Service $49.7 million (1%) Total $132.9 million (14.4%) Data source: Stratasys.
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As with many companies, including rival 3D Systems (NYSE: DDD), the crisis significantly hurt demand for its products and services in the latter part of the quarter. In 2020, Stratasys stock is down 25.1%. Analysts were looking for an adjusted loss per share of $0.05 on revenue of $136.5 million.
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2020-05-09 00:00:00 UTC
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3D Systems Earnings: Revenue Misses Expectations, Stock Drops
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-revenue-misses-expectations-stock-drops-2020-05-09
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As I opined in my 3D Systems (NYSE: DDD) earnings preview, "the 3D printing company had been having a challenging time trying to grow revenue before the COVID-19 pandemic, so it seems likely that its first quarter results aren't going to be pretty."
And pretty they were not, though all things considered, they weren't horrible.
Following the earnings release, shares dropped more than 14% on Thursday, while the market was flat. However, shares did gain back a little ground on Friday, closing up 5.2%.
We can attribute the market's displeasure largely to revenue coming in lighter than what Wall Street was expecting and the company projecting continued challenges stemming from the coronavirus pandemic.
Here's how the quarter worked out for the 3D printing company and its investors.
Image source: Getty Images.
3D Systems' key numbers
METRIC Q1 2020 Q1 2019
CHANGE
Revenue $134.7 million $152.0 million (11%)
GAAP operating income ($18.2 million) ($21.3 million) Loss narrowed 15%
GAAP net income ($18.9 million) ($24.4 million) Loss narrowed 23%
Adjusted net income ($4.5 million) ($10.1 million) Loss narrowed 55%
GAAP earnings per share (EPS) ($0.17) ($0.22) Loss narrowed 23%
Adjusted EPS ($0.04) ($0.09) Loss narrowed 56%
Data source: 3D Systems. GAAP = generally accepted accounting principles. Q1 2920 earnings results got a boost from a $3.2 million tax benefit.
Wall Street was looking for an adjusted loss per share of $0.05 on revenue of $140.6 million. So 3D Systems missed on the top line, and slightly beat on the bottom line. However, it only beat the bottom-line consensus estimate because it recorded a tax benefit of approximately $3.2 million, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
For the quarter, GAAP gross margin was 42.4%, down from 43.2% in the year-ago period. Adjusted gross margin landed at 43.1%, down from 44.2% in the year-ago quarter. Gross margin held up relatively well.
During the quarter, 3D Systems used $2.3 million of cash in operations, and ended the period with $112.8 million of cash on hand. Last quarter, it generated $21.5 million of cash from operations, and ended the period with $133.7 million of cash. So, it burned through $20.9 million in cash during the first quarter.
Given its cash burn rate and its cash on hand, the company's cash position needs to be carefully monitored.
For context, in 2019, 3D Systems' revenue fell 8.5% year over year to $629.1 million. GAAP loss widened 49% to $0.61 per share, and the company posted an adjusted loss of $0.08 per share compared to adjusted EPS of $0.15 in 2018.
Segment quarterly results
SEGMENT Q1 2020 REVENUE CHANGE (YOY)
Product $78.8 million (15%)
Service $55.9 million (6.3%)
Total $134.7 million (11%)
Data source: 3D Systems. YOY = year over year.
Here's how key categories performed:
3D printers (within product): Revenue dropped 36% year over year to $19.3 million.
Healthcare solutions: Revenue fell 7.3% to $46.3 million. (This category spans both segments and overlaps other categories.)
Materials (within product): Revenue was flat with the year-ago period at $41.4 million.
Software (within product): Revenue declined 7.7% to $21.2 million.
On-demand part manufacturing (within service): Revenue fell 13% to $19.7 million.
Materials revenue coming in flat with the year-ago period helped soften the pandemic's hit to profitability. This category has a considerably higher margin than the company's overall margin, so its sales have an outsize positive effect on profitability.
For context, last quarter, 3D printer revenue dropped 23% year over year, healthcare revenue fell 6%, materials revenue rose 7%, software revenue declined 10%, and on-demand manufacturing revenue fell 12%.
What management had to say
On theearnings call CEO Vyomesh Joshi explained the main ways in which the company was hurt by the pandemic.
The first is end-user demand. Overall, capex [capital expenditure] spend is down across the industries we serve, including aerospace, automotive and healthcare, where elective surgeries have been canceled or delayed. This has affected demand for new hardware and associated software licenses. Second is the overall dental market, where demand has slowed as material consumption has slowed. ...
Next, within our own facility, there has been a supply chain disruption as we are a global company. Facilities in China couldn't operate for a period of time, and in Europe, some capacity was limited. Finally, we couldn't extend service technicians for installations because of our customer sites being closed.
Ideally, investors would know exactly what the company's year-over-year results looked like halfway through the quarter before it began being affected by what's now a pandemic. But that information wasn't shared -- though Joshi did say the company was doing "OK" until mid-February.
Looking ahead
3D Systems had a poor quarter, but this didn't come as a surprise given the pandemic's effect on both its customers and its supply chain.
Management expects continued challenges due to the crisis. It's taken the following main actions to help lessen the negative impact: cut executive and director pay by 10%, instituted temporary employee furloughs averaging two weeks, reduced hiring "significantly," and put on hold some research and development spending.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 16, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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As I opined in my 3D Systems (NYSE: DDD) earnings preview, "the 3D printing company had been having a challenging time trying to grow revenue before the COVID-19 pandemic, so it seems likely that its first quarter results aren't going to be pretty." We can attribute the market's displeasure largely to revenue coming in lighter than what Wall Street was expecting and the company projecting continued challenges stemming from the coronavirus pandemic. It's taken the following main actions to help lessen the negative impact: cut executive and director pay by 10%, instituted temporary employee furloughs averaging two weeks, reduced hiring "significantly," and put on hold some research and development spending.
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As I opined in my 3D Systems (NYSE: DDD) earnings preview, "the 3D printing company had been having a challenging time trying to grow revenue before the COVID-19 pandemic, so it seems likely that its first quarter results aren't going to be pretty." Revenue $134.7 million $152.0 million (11%) GAAP operating income ($18.2 million) ($21.3 million) Loss narrowed 15% GAAP net income ($18.9 million) ($24.4 million) Loss narrowed 23% Adjusted net income ($4.5 million) ($10.1 million) Loss narrowed 55% GAAP earnings per share (EPS) ($0.17) ($0.22) Loss narrowed 23% Adjusted EPS ($0.04) ($0.09) Loss narrowed 56% Data source: 3D Systems. Product $78.8 million (15%) Service $55.9 million (6.3%) Total $134.7 million (11%) Data source: 3D Systems.
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As I opined in my 3D Systems (NYSE: DDD) earnings preview, "the 3D printing company had been having a challenging time trying to grow revenue before the COVID-19 pandemic, so it seems likely that its first quarter results aren't going to be pretty." Revenue $134.7 million $152.0 million (11%) GAAP operating income ($18.2 million) ($21.3 million) Loss narrowed 15% GAAP net income ($18.9 million) ($24.4 million) Loss narrowed 23% Adjusted net income ($4.5 million) ($10.1 million) Loss narrowed 55% GAAP earnings per share (EPS) ($0.17) ($0.22) Loss narrowed 23% Adjusted EPS ($0.04) ($0.09) Loss narrowed 56% Data source: 3D Systems. During the quarter, 3D Systems used $2.3 million of cash in operations, and ended the period with $112.8 million of cash on hand.
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As I opined in my 3D Systems (NYSE: DDD) earnings preview, "the 3D printing company had been having a challenging time trying to grow revenue before the COVID-19 pandemic, so it seems likely that its first quarter results aren't going to be pretty." Product $78.8 million (15%) Service $55.9 million (6.3%) Total $134.7 million (11%) Data source: 3D Systems. Materials (within product): Revenue was flat with the year-ago period at $41.4 million.
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716747.0
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2020-05-08 00:00:00 UTC
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Friday's ETF with Unusual Volume: ROBT
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DDD
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https://www.nasdaq.com/articles/fridays-etf-with-unusual-volume%3A-robt-2020-05-08
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The First Trust Nasdaq Artificial Intelligence and Robotics ETF is seeing unusually high volume in afternoon trading Friday, with over 173,000 shares traded versus three month average volume of about 26,000. Shares of ROBT were up about 1.8% on the day.
Components of that ETF with the highest volume on Friday were NIO, trading up about 3.3% with over 16.3 million shares changing hands so far this session, and Microsoft, up about 0.6% on volume of over 12.2 million shares. 3D Systems is the component faring the best Friday, higher by about 6.2% on the day, while Appian is lagging other components of the First Trust Nasdaq Artificial Intelligence and Robotics ETF, trading lower by about 9%.
VIDEO: Friday's ETF with Unusual Volume: ROBT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The First Trust Nasdaq Artificial Intelligence and Robotics ETF is seeing unusually high volume in afternoon trading Friday, with over 173,000 shares traded versus three month average volume of about 26,000. Components of that ETF with the highest volume on Friday were NIO, trading up about 3.3% with over 16.3 million shares changing hands so far this session, and Microsoft, up about 0.6% on volume of over 12.2 million shares. 3D Systems is the component faring the best Friday, higher by about 6.2% on the day, while Appian is lagging other components of the First Trust Nasdaq Artificial Intelligence and Robotics ETF, trading lower by about 9%.
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The First Trust Nasdaq Artificial Intelligence and Robotics ETF is seeing unusually high volume in afternoon trading Friday, with over 173,000 shares traded versus three month average volume of about 26,000. 3D Systems is the component faring the best Friday, higher by about 6.2% on the day, while Appian is lagging other components of the First Trust Nasdaq Artificial Intelligence and Robotics ETF, trading lower by about 9%. VIDEO: Friday's ETF with Unusual Volume: ROBT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The First Trust Nasdaq Artificial Intelligence and Robotics ETF is seeing unusually high volume in afternoon trading Friday, with over 173,000 shares traded versus three month average volume of about 26,000. Components of that ETF with the highest volume on Friday were NIO, trading up about 3.3% with over 16.3 million shares changing hands so far this session, and Microsoft, up about 0.6% on volume of over 12.2 million shares. 3D Systems is the component faring the best Friday, higher by about 6.2% on the day, while Appian is lagging other components of the First Trust Nasdaq Artificial Intelligence and Robotics ETF, trading lower by about 9%.
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Shares of ROBT were up about 1.8% on the day. Components of that ETF with the highest volume on Friday were NIO, trading up about 3.3% with over 16.3 million shares changing hands so far this session, and Microsoft, up about 0.6% on volume of over 12.2 million shares. 3D Systems is the component faring the best Friday, higher by about 6.2% on the day, while Appian is lagging other components of the First Trust Nasdaq Artificial Intelligence and Robotics ETF, trading lower by about 9%.
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716748.0
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2020-05-07 00:00:00 UTC
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3D Systems Corp (DDD) Q1 2020 Earnings Call Transcript
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DDD
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https://www.nasdaq.com/articles/3d-systems-corp-ddd-q1-2020-earnings-call-transcript-2020-05-07
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Image source: The Motley Fool.
3D Systems Corp (NYSE: DDD)
Q1 2020 Earnings Call
May 6, 2020, 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon, and welcome to 3D Systems Conference Call and Audio Webcast to discuss the Results of the First Quarter 2020. My name is Jessie, and I will facilitate the audio portion of today's interactive broadcast. [Operator Instructions]
At this time, I would like to turn the call over to Melanie Solomon, Investor Relations.
Melanie Solomon -- Investor Relations
Good afternoon, and welcome to 3D Systems conference call. With me on the call are Vyomesh Joshi, our President and Chief Executive Officer; Todd Booth, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer. Please note that given the current situation with the COVID-19 pandemic, we are all participating from different locations. The webcast portion of this call contains a slide presentation that we will refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website.
Participants who'd like to ask questions at the end of the session related to matters discussed in this conference call should call in using the phone number provided on this slide and in the press release that we issued today. For those who have access to streaming portion of the webcast, please be aware that there may be a few second delay and that you will not be able to post questions via the web. The following discussion and responses to your questions reflect Management's views as of today only and will include forward-looking statements as described on this slide. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and our filings with the SEC, including our most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q.
During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our Investor Relations website, you will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures. Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2019.
Now, I'm pleased to turn the call over to Vyomesh Joshi, our CEO. VJ?
Vyomesh Joshi -- President and Chief Executive Officer
Thanks, Melanie. Good afternoon, everyone. First, I hope everyone is staying safe and healthy. Our thoughts are with those people affected by the COVID-19 virus and those on the front lines, doctors, nurses, other healthcare professionals and all of the other essential workers, who are providing needed services for the rest of us.
At 3D Systems, we have taken balanced measures to protect our employees and their families, while maintaining our operations, including hosting this call remotely. We formed a crisis response committee that has shaped everything from employee health and safety to following government mandates applicable to our business and facilities worldwide. Our close partnership with our local site leaders around the globe has been critical in understanding and addressing challenges at the local site level.
Our team has stepped up and is doing our part to connect people in need with those who can help using digital manufacturing solutions. The rapid spread of COVID-19 has put many healthcare workers under great strain as they provide treatment and care to affected patients. Our Company has the unique ability to architect solutions specific to customers' needs through a combination of breakthrough materials, hardware platforms, software and professional services, creating a path forward to integrating additive into traditional production environments. As a result, manufacturers are able to achieve design freedom, increase agility, scale production and improve overall total cost of operations.
One of the greatest benefits of additive manufacturing is that it allows companies to reduce dependency on the supply chain, manufacture parts internally or make them on demand. This has proven to be extremely important in the current COVID-19 pandemic as healthcare environments have been lacking basic supplies due to the need for protective measures for both healthcare professionals and patients and backlogs from bottlenecks and shortages in worldwide supply.
We asked our network of partners, customers and other within the additive manufacturing community to circumvent the supply chain and help produce these parts as quickly as possible to meet the urgent needs of the healthcare sector as they care for patients and contain the spread of the virus. We received offers from the community for everything from printer materials, usage of facilities for printing, engineers' time and expertise and even offers to fund efforts. I truly believe that collaboration like this will be key to saving lives.
Over the last several weeks, we have seen applications of our technology and software being used to assist COVID-19 efforts. Due to the shortage of personal protection equipment, our employees wanted to focus on a high impact area where we could really help healthcare workers on the front lines. We identified face shields as being something additive manufacturing could quickly support. What we brought to the table for emergency, face shields was massive capacity. We designed and developed our own high-efficiency face shields frame over the course of two days and our printers can output 100 face shields every 24 hours.
We also gave away the data file to the community to enable others, who have an SLS printer to go from CAD file to production in minutes. We logged 300 downloads in the first 24 hours. The facial frame is printed in medical grade nylon 12. One of our first customer response was from Lonati SPA, a manufacturing company based in Brescia, Italy, who deployed a 3D Systems' ProX SLS 6100 3D Printer with DuraForm Materials to 3D print more than 100 venturi ventilator valves for respiratory machines, which are facing a critical shortage throughout the world because of severe cases of COVID-19 require intensive care and oxygenation.
100 valves were designed, developed, produced and delivered in only three days, showing the key capability of our technology and the value proposition of fast response time. We now have a ventilator projects going on all over the world and in hospitals, and we are working with the NHS in the United Kingdom on venturi valves that can be deployed quickly and close to the point-of-care. In March, we released a new ultrasound module to train physicians on COVID-19 diagnosis through lung ultrasound. Using ultrasound, physicians can immediately diagnose and monitor patients at the point-of-care. The module has already been deployed globally and was received enthusiastically.
We went as far as mobilizing an ultrasound simulator that rotated between all Israeli hospitals to train doctors fighting COVID-19. As the situation continues to develop, we have been able to apply our solutions to changing treatment paradigms. With a very recent trend of moving from ventilators to CPAP masks, which need adapter components, we have another example of how additive manufacturing can address problems quickly. Turning what would have been a one-month to two-month project into a solution on day one, with unit build time of just over one hour and finished product in one day. Finally, as widespread diagnostic testing of COVID-19 begins to ramp, there are known shortages of diagnostic tools, such as nasal swabs. Our customers have been looking at repurposing dental and industrial Figure 4 printers to 3D print nasal swabs using dental and industrial grade resins, as well as medical grade nylon 12. A single Figure 4 engine, for example, has demonstrated the ability to produce over 18,000 swabs per week. We have received interest from both hospitals and OEMs and are currently engaged in clinical validations with several teams. These activities show our thought leadership in additive manufacturing and a balanced approach to how the industry can quickly address supply and demand needs amid COVID-19. However, despite these important activities and our contribution to the fight, COVID-19 has been a negative impact on our overall business, with significant impact on printers and on-demand manufacturing for a few reasons.
The first is end-user demand. Overall, capex spend is down across the industries we serve, including aerospace, automotive and healthcare, where elective surgeries have been canceled or delayed. This has affected demand for new hardware and associated software licenses. Second is the overall dental market, where demand has slowed as material consumption has slowed. With the majority of dental and orthodontic procedures considered elective, consumers aren't going to the dentist or starting new treatments. Next, within our own facility, there has been a supply chain disruption as we are a global company. Facilities in China couldn't operate for a period of time, and in Europe, some capacity was limited. Finally, we couldn't extend service technicians for installations because of our customer sites being closed.
This provides some context to the first quarter results. Total revenue in the first quarter was $134.7 million, reflecting a decrease of 11.4% over 2019. GAAP gross profit margin was 42.4% and non-GAAP gross profit margin was 43.1%. While overall margins were slightly down comparatively, Materials margins have held at 69%. We reported GAAP loss of $0.17 per share and non-GAAP loss of $0.04 per share. Our overall operating expenses were down 13% year-over-year and we shut down our on-demand operations in Brazil.
We continue to work on optimizing our cost structure and taking costs out. And as we start seeing COVID impact, we focused even more on cost structure. Amid the pandemic, our Executives and Board members took a 10% pay cut, and the majority of the employees are taking limited furloughs. We pushed out some R&D programs and have reduced hiring significantly. We believe these actions strike the right balance between near-term cost savings and also being prepared when the market comes back. Our overall capex is down and we are focused on generating revenue, reducing operating expenses and preserving cash.
Todd will now provide more details on our results for the first quarter of 2020. Todd?
Todd Booth -- Executive Vice President and Chief Financial Officer
Thanks, VJ. Good afternoon, everyone. For the first quarter, we reported GAAP revenue of $134.7 million, a decrease of 11.4% compared to the first quarter of 2019. GAAP gross profit margin was 42.4% compared to 43.2% in the first quarter of 2019. GAAP operating expenses decreased 13.4% to $75.4 million. We reported a GAAP loss of $0.17 per share in the first quarter of 2020 compared to a loss of $0.22 in the first quarter of 2019. During the quarter, we recorded a tax benefit of approximately $3.2 million from utilizing net operating losses allowed as part of the tax legislation enacted on March 27, 2020 under the Coronavirus Aid, Relief, and Economic Security Act, also called CARES Act.
We reported non-GAAP loss of $0.04 per share in the first quarter of 2020 compared to a loss of $0.09 per share in the first quarter of 2019. As VJ mentioned, our revenue was impacted by COVID-19 effects on our business. Printer revenue decreased 35.5% to $19.3 million. Material revenue decreased 0.1% to $41.4 million. Healthcare revenue decreased 7.3% to $46.3 million. On-demand manufacturing revenue decreased 12.8% to $19.7 million. Software revenue decreased 7.7% to $21.2 million.
In the second quarter of 2020, we still expect significant impact from COVID-19 and we'll focus on continuing to take cost out and maintaining cash. We reported GAAP gross profit margin of 42.4% in the first quarter of 2020. Non-GAAP gross profit margin in the first quarter of 2020 was 43.1%. GAAP operating expenses for the quarter were $75.4 million, a decrease of 13.4% compared to the first quarter of 2019, including a 13.8% decrease in SG&A expenses and a 12.1% decrease in R&D expenses.
Non-GAAP operating expenses in the first quarter were $63 million, a 13.6% decrease in the first quarter of the prior year and a 5.1% decrease sequentially. Compared to the 2019 quarter, non-GAAP SG&A expenses decreased 13.9% to $43.9 million. Non-GAAP R&D expenses decreased 12.8% to $19.1 million. Non-GAAP operating expenses decreased due to continued focus on reducing cost structure. We ended the quarter with $112.8 million of cash and cash equivalents.
During the quarter, we used $2.3 million of cash from operations, generated $1.2 million of cash from financing activities, and paid $4.4 million for capital expenditures. In addition, we used $10 million of cash for acquiring the remaining 30% of the capital and voting rights of our joint venture in Brazil and used $2.5 million of cash for the second [Phonetic] of four [Phonetic] yearly installments to acquire the remaining controlling interest of our previous joint venture in China. I also want to comment that as of today, we have not drawn on our revolver and we are focused on preserving cash along with reducing costs and working capital.
With that, I'll turn the call back to VJ. VJ?
Vyomesh Joshi -- President and Chief Executive Officer
Thanks, Todd. COVID-19 will have long-term impact that we cannot yet quantify. Our business is sound and our products are relevant, but our near-term results will continue to be impacted by COVID-19. We shipped factory metals in April as planned, but unfortunately, the timing means that the demand is low right now. Medical device manufacturing continues to grow. In healthcare, while consumers are canceling unnecessary surgeries, our simulator business is doing well.
Capital constraints will continue to put pressure on new hardware and software sales. In our ODM business, R&D projects are continuing, but demand-driven tooling purchases have been slowed. In this uncertain environment, we remain focused on cash generation and optimizing cost. The search for my successor continues to go well as we make good progress on the CEO search. I want to take this opportunity to thank all of our employees and customers for their loyalty and dedication during these trying times as we navigate this pandemic together.
As a leader in additive manufacturing and healthcare applications, we are helping healthcare professionals and companies bridge the manufacturing gap and accelerate new design ideas. The clear value proposition that we have demonstrated with the speed at which our technology can produce necessary supplies gives me confidence in our long-term potential. I'm proud of the work we and our customers have done to address some of the challenges posed by COVID-19 with our 3D printing capabilities. And we will continue to look for ways to collaborate and strengthen as a community.
And with that, we will now open the floor for questions. Operator?
Questions and Answers:
Operator
Thank you. We will now be conducting the question-and-answer session. [Operator Instructions] Thank you. Our first question comes from Greg Palm with Craig-Hallum. Please proceed with your question.
Greg Palm -- Craig-Hallum -- Analyst
Yeah, thanks. Glad to hear you guys everybody is doing OK and nice to see some of your technology has been used and helped in this fight against COVID.
Vyomesh Joshi -- President and Chief Executive Officer
Go ahead. Yeah.
Greg Palm -- Craig-Hallum -- Analyst
Can you hear me OK?
Vyomesh Joshi -- President and Chief Executive Officer
Yeah, yeah. We can hear you.
Greg Palm -- Craig-Hallum -- Analyst
Good. Just could you spend us [Phonetic] some time on the COVID-19 impacts on the quarter, and was hoping you could maybe help us understand or at least bucket out the various impacts? You've got lower end-user demand, which presumably is capex-driven and some slowdown in elective procedures versus you talked about supply chain disruptions versus some of the lack of service revenue because customer sites were closed. So help us understand what was most important, least important in terms of impact to the quarter?
Vyomesh Joshi -- President and Chief Executive Officer
Yeah. So I think let's start with the hardware, the printer hardware. I think that was major. I think as Todd talked about, we had a 35% decline in hardware revenue. And that all new hardware was related to my view, the COVID-related. When you think about the SLA printers, the printers for dental, we talked about the dental market being slow, the jewelry market also because that's a category which is not going to be really consuming lot of materials, because that's a item people will not be really buying in the current very tough environment.
So on the hardware side, I think our Figure 4 did OK, because as I said, the new -- new materials and Figure 4 is ideal for doing new R&D designs, and dental was slow, but the other stand-alone Figure 4 was doing well in this. And SLS machines, I think their demand because of the -- you could do with the nylon 12 that I talked about. So I think it's mainly SLA, MJP and dental printers on the printer side. And when you go to the software, the new software licenses, so if you think about the manufacturing software because the manufacturing activity has really impacted negatively. So the Cimatron software, especially with automotive market in a very different place right now, when they had a tough already 2019, and in addition with all this COVID stuff.
The other software, all the Geomagic software, especially the inspection software also had a negative impact because of the COVID. So new hardware, new software licenses are the core thing. You saw the Materials, we will did OK, but I think you're going to start seeing that impact in second quarter, because clearly, material consumption on the dental and orthodontic procedures and our enterprise customer also talked about that. We also as I said jewelry material and SLA material because of the automotive segment that we really address. So I think in Q1, we did OK, but I think as the COVID spread now happening in Europe and now in Americas, there will be some impact of that in Q2. With respect to healthcare, all the elective surgeries, so the surgical planning services, you're going to see the impact, but the medical device manufacturing, I think we are still very healthy. So I think that's the kind of color I can give you, Greg. I hope it addresses the question.
Greg Palm -- Craig-Hallum -- Analyst
Yeah. That was. I mean, are you managing the business currently with the thought that Q2 the June quarter will be sort of the worst, will be the bottom? And I don't know if you can give us any sense of what sort of companywide trends or maybe segment trends from a demand or decline standpoint, what you're seeing in April specifically, that can sort of help us make some assumptions on sort of what the June quarter and full-year might look like?
Vyomesh Joshi -- President and Chief Executive Officer
So I think clearly, COVID started in China and then in Europe and then it came to America. So there was not a full impact of COVID in Q1. So clearly, Q2 will have, and I think Todd talked about significant impact, especially in the new printing hardware and new software licenses. So I think you're going to see that and some materials also impact in Q2. It all depends on now how the market opens up and how the activity, the manufacturing activity will start ramping up.
I think in China, you're already seeing signs that it's slowly coming back. I think Italy and Spain are slowly coming back, but I think it would be very hard to predict how this is going to really play out. I can tell you that Q2 will have more impact than Q1, whether the Q2 is a bottom or not, it's very hard to say. And I think in April, we are seeing consistent with what I'm telling you with respect to what we saw, especially in March and playing it out in April.
Greg Palm -- Craig-Hallum -- Analyst
Yeah, OK, all right, thanks. I'll hop back in queue.
Vyomesh Joshi -- President and Chief Executive Officer
Thanks, Greg.
Operator
Thank you. The next question comes from Chris Van Horn with FBR. Please proceed with your question.
Christopher Van Horn -- 3D Systems Corporation -- Analyst
Good afternoon, and thanks for taking my call and hope everyone's well.
Vyomesh Joshi -- President and Chief Executive Officer
Yeah, go ahead, Chris.
Christopher Van Horn -- 3D Systems Corporation -- Analyst
Okay. So on the supply chain side, are you seeing some of your suppliers, are they recovering or do you have to find new avenues for your supply chain?
Vyomesh Joshi -- President and Chief Executive Officer
I think fortunately on the supplier side, we are OK, but still they are also going through shutdowns, availability of the critical parts. The good thing is, the contract manufacturers we work with like Sanmina and Jack Fisher, they have kept up -- clearly, they had a shutdown, but slowly they're bringing their capacity back, which is a good news for us. But it's not really the question now is more on the demand side than supply chain disruption. I think what we need to do is get the manufacturing activity going and then our customers will start ordering new hardware, new software and materials, and I think that's what we need to really paying attention to.
Fortunately, the way we managed our supply chain, I feel very good about. We will be able to meet the demand. It's more going to be now with respect to how the end-user demand will develop. The other important part is our own facilities and with working with our site leaders and they have shown incredible leadership here that our own factories say for example, our on-demand manufacturing factory in China, we slowly are ramping it up. Our on-demand manufacturing facilities in Italy, in France, in Netherlands are also slowly coming up. Our facilities in Seattle and Lawrenceburg in U.S. also is operating. So I think it's really now, can we get the demand, so that we will be able to fulfill that. So I think that's where we are.
Christopher Van Horn -- 3D Systems Corporation -- Analyst
Okay, got it. Well, just to follow up on the demand side. Is a lot of the -- is a lot of the push-out in potential revenues, is it deferring of orders, is it cancellations a combo of both? What are the customers kind of giving you a sense of, in terms of timing?
Vyomesh Joshi -- President and Chief Executive Officer
So for right now, what we are seeing is, our pipeline is healthy, and we are not hearing lot of cancellation. It's really pushing out, because everybody is really paying attention to the capital spend. And so the good news is, I think they have interest in our technology. They have really believe, especially with the value proposition now that we have shown with this stuff, COVID, the positive sign was the power of additive manufacturing. So I think they are all very much interested in making sure they continue to invest in additive manufacturing. So it's more about push-out then cancellation.
Christopher Van Horn -- 3D Systems Corporation -- Analyst
Okay, got it. Thank you so much for the time.
Vyomesh Joshi -- President and Chief Executive Officer
Thanks, Chris.
Operator
Thank you. The next question comes from Jim Ricchiuti with Needham and Company. Please proceed with your question.
Vyomesh Joshi -- President and Chief Executive Officer
Hi, Jim.
Operator
Jim, your line is live. You may proceed with your question.
Jim Ricchiuti -- Needham -- Analyst
Yeah, I'm sorry, I had by phone on mute. I apologize. Good afternoon. The question is regarding the channel, I'm wondering how much of a disruption are they facing even in terms of getting to customers, getting on-site with customers. Has that been an issue that you're hearing from your channel partners?
Vyomesh Joshi -- President and Chief Executive Officer
So I think it's different by regions. Clearly, in earlier part from China, the Chinese channels had a lot of difficulty in reaching customers and -- and then it went to Europe, so our European channel partners. But they were very innovative in some cases, they found some ways to communicate, especially when there was a need to provide certain materials or certain hardware, so they can continue to develop or print using our technology. But like jewelry segment clearly, that had a major impact because the demand was very different.
So I think depending on the -- and then on the dental side, I think on the materials, dental materials at least in Q1, we had a lot of backlog, so we were really managing that. But I do believe that the printing hardware side, there is a slowdown because overall, as we talked about that there are not many dentists whose [Phonetic] offices are open and people are delaying a lot of dental work right now. So I think depending on the segment, we saw very similar things that what we are seeing at our corporate level. So that's not any different than what I talked about from the segment's point of view.
Jim Ricchiuti -- Needham -- Analyst
VJ, you entered the year with I'm sure higher expectations, stronger new product portfolio and then you have this happening. So I'm wondering how you -- how you're going to, given the demand environment, how do you strike a balance between continuing to make the investments in marketing and R&D with this environment which is pretty unknown at this point in terms of how long it continues?
Vyomesh Joshi -- President and Chief Executive Officer
Yeah, and I think you're right on, Jim. So I think what we are doing is a balanced approach. It's very clear that there is an impact on revenue. And I think what we need to do is really have work on the cost structure. So if you saw that our cost structure point of view, we took the operating expenses down year-over-year, 13%. And we need to continue doing that in Q2, because we, as I said, will be more impact in Q2, so we need to take more cost out in Q2. And that will have and I think I talked about it will have impact on our R&D programs, because when you take -- so I think we need to just be very prioritizing saying, these are the programs that we need to protect and these are the programs that we need to slip because it just -- there is no other alternative.
Same thing with our marketing cost. We know there are not going to be any shows, so we canceled coming out of all the shows, major shows because that's not going to happen. So we put all our marketing dollars on digital, because I think -- we think that that's where we can really drive the demand generation and lead-generation, because we need to really drive revenue because revenue line is going to be very important. And as a matter of fact, with all this additive manufacturing attention, our web traffic on our website has increased significantly. And so we think that our investment needs to be really focused on digital because we think that, that is the way. So I think we are taking out all other marketing spend that we were doing on shows because we believe that this is the right way to approach to really drive the lead-generation engine.
And with respect to -- we have put -- I think I talked about it. We all at executive level have taken 10% pay cut. We have done furloughs depending on the region because we absolutely believe that we have incredible talent and then we want to preserve the talent. So when the market comes back -- but at the same time, we need to take the cost out, so focusing on costs. And the last part is cash. I think we are in a good place in the cash right now, but we need to make sure, so we took our capital expenditure down in Q1 and we're going to continue to take it down in Q2, Q3, Q4, because we must make sure that -- and we are very comfortable with our current cash position and -- but we want to be very prudent with respect to that. So I think that's what we are doing of finding that right balance. Safety of our employees is our highest priority. And then doing these things, so that as the revenue comes down, we take the opex down and preserve the cash.
Jim Ricchiuti -- Needham -- Analyst
Okay, that makes sense. Good luck. And by the way, thank you for what you guys have done in this whole fight. Thanks.
Vyomesh Joshi -- President and Chief Executive Officer
That means a lot to us. Thank you.
Operator
Thank you. Our next question comes from Ananda Baruah with Loop Capital Markets. Please proceed with your question.
Vyomesh Joshi -- President and Chief Executive Officer
Go ahead, Ananda.
Ananda Baruah -- Loop Capital Markets -- Analyst
Hey, thanks guys for taking the question. Hey, VJ and Todd, is there any way you could give us some sort of sense of maybe what the April run rate was, not dollar per run rate, but you did a great job of giving us the growth -- the growth run rates for the various businesses, and in some context giving us sort of what the run rates are for April, so we can get a sense of what the quarter may look like. I know you're not giving guidance, but that would be helpful and then I have a follow-up as well?
Vyomesh Joshi -- President and Chief Executive Officer
So let me start here. On April, clearly, I think I talked about it, we are seeing the new printing hardware and new software licenses are really slow. And the impact is also on on-demand services, because the manufacturing companies are not really ordering tooling. There are some R&D projects, but they have slowed down. So those three businesses, definitely we are seeing the impact globally in all the regions, because even though China may come back, but they are not really changing the orders. So I would say, in April, it's very much what I talked about. Our medical devices, that business is doing well and it continue to grow in April, and the elective surgeries are down. So our dental business and our aligner business and our surgical planning business is impacted.
Ananda Baruah -- Loop Capital Markets -- Analyst
And VJ, were you guys -- can you say if you were like through February, if you were tracking to your revenue expectation. I'm just trying to be able to develop a sense for -- I'm sure ourselves, we're trying to do this sort of what the -- what the sort of the acceleration rate of decline was in March? And I'm happy to back into the numbers. If you can tell me just sort of tracking to your internal plans through February, we can do the math...
Vyomesh Joshi -- President and Chief Executive Officer
I think if you remember when we had our conference call in February, we said we have not seen any material impact at that time, but things change very, very radically, starting second week of February and March. So I think you could just understand that up till that point, we were doing OK.
Ananda Baruah -- Loop Capital Markets -- Analyst
Yeah.
Vyomesh Joshi -- President and Chief Executive Officer
And then the kind of the revenue decline you are seeing, so I think you could model that way.
Ananda Baruah -- Loop Capital Markets -- Analyst
Okay, that's great. And then just my quick follow-up is, in the past a decent portion of your customer base has included engineering firms, design firms, some of whom could be considered to be small, medium businesses and then maybe even some of your channel partners could be considered that as well. And so I guess my question is, are you in touch with those guys yet? Should we consider that to be sort of a meaningful wild card from a risk perspective as we move forward here, given that sort of small medium business have been kind of more in the heart of what's been going on, and then that's it from me? Thanks.
Vyomesh Joshi -- President and Chief Executive Officer
Well, yeah, but I think it's not about a small and medium business. Even the enterprise customers are seeing, so like auto industry, aerospace industry, there is a major impact going on at least from our customer base point of view. Yeah, small and medium businesses from jewelry segment that you could say there is a big impact. The Dental segment for the dental labs is a big impact, but it's not just limited to small and medium businesses because the enterprise customers in automotive. a you know, some of the companies in United States, they're not doing anymore producing autos, they are producing ventilators. So I just think that you have to look at our segment. So I think the impact is much more broader than just the small and medium businesses.
Ananda Baruah -- Loop Capital Markets -- Analyst
I appreciate that. I guess really what I'm asking is do you guys have incremental concerns that some portion of your customer base may not come back?
Vyomesh Joshi -- President and Chief Executive Officer
Well, I think it all depends on the segment. I think jewelry segment will come back. I'm not very worried about. Dental customers will come back. So the small design firms and that's not a very big part of our business, and I don't think that that's our concern. Now in on-demand, some of the transactions that people will be doing, but I think it will be doing different transaction, because there is actually the value for additive manufacturing in doing design iterations. But I think we may get different set of customers, but I'm not as much worried about that kind of a risk profile. Okay?
Ananda Baruah -- Loop Capital Markets -- Analyst
That's helpful. Thanks, VJ.
Operator
Thank you. Our next question comes from Brian Drab with William Blair. Please proceed with your question.
Vyomesh Joshi -- President and Chief Executive Officer
Hey, Brian.
Brian Drab -- William Blair -- Analyst
Hi. Thanks for taking my questions. First, on the materials. Materials held up really well in the first quarter, and really just a touch below the run rate, quarterly run rate that you had throughout 2019.
Vyomesh Joshi -- President and Chief Executive Officer
Yeah.
Brian Drab -- William Blair -- Analyst
And I'm wondering, VJ, if in some other way besides just saying that it was slow in April. Can you give us a sense more specifically to what you saw in terms of declines like down double-digits, down more than 50% in materials in April?
Vyomesh Joshi -- President and Chief Executive Officer
Yeah, I won't give you any specific numbers like that, but I can give you directionally where materials are OK and where materials have impact. So I think the dental materials as I said some of the backlog we are feeling for the NextDent, we are doing OK, but the other orthodontic, I think you heard from the enterprise customer, they are seeing impact, so there is some impact of that in Q2.
SLA, there is an impact because a lot of auto companies and their suppliers use SLA for a lot of prototyping. And as I said earlier, the automotive businesses have an impact and so that we are seeing on the SLA side. The jewelry segment as I mentioned, so which is our wax materials. That slowdown is not all -- now also showing up in the decline in April and Q2. SLS and Figure 4, because I think our Figure 4, especially the new materials, which are really very, very powerful in doing the design iterations, I think we are holding up very well in those materials, both SLS and the Figure 4 materials. So that's the kind of color that I can give you.
Brian Drab -- William Blair -- Analyst
All right, OK. Thank you. And then a couple of questions have been asked around opex, marketing and etc. But just wondering if you can more specifically say if -- from fourth quarter to first quarter, you took out about $6 million in SG&A. Is there another -- is there an opportunity to take out that much again or was that kind of the bigger cut, and there's more to come, but not another cut that, that significant?
Vyomesh Joshi -- President and Chief Executive Officer
So I think in the second quarter, you'll see the impact of lower 10% cut at the executive pay, and we -- you'll see the furlough that we have implemented in Q2. Hey Todd, you want to say something more on the opex side?
Todd Booth -- Executive Vice President and Chief Financial Officer
Yeah. So you have the 10% that VJ just mentioned at the executive level, but then the furloughs on average about two weeks across the company. So you will see it go lower in Q2, but we don't give dollars.
Brian Drab -- William Blair -- Analyst
Okay. Thank you very much.
Operator
Thank you. Our next question comes from Wamsi Mohan with Bank of America Merrill Lynch. Please proceed with your question.
Vyomesh Joshi -- President and Chief Executive Officer
Hey, Wamsi.
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
Hey, VJ, how are you doing?
Vyomesh Joshi -- President and Chief Executive Officer
I'm doing, OK.
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
Hey, I was hoping that you or Todd could bridge the printer gross margins from fourth quarter of 2019 to the first quarter. And I was wondering in particular, were there any elements in Q1 that can help possibly soften the impact to 2Q printer gross margins or [Technical Issues].
Vyomesh Joshi -- President and Chief Executive Officer
[Technical Issues] set up very well as we move forward.
Greg Palm -- Craig-Hallum -- Analyst
Got it. And presumably, a lot of that is probably from some new customers. But what are you seeing from some of your larger enterprise customers? I mean, given everything going on, any indications of expansion longer-term, whether that's increasing the amount of printers at existing sites or maybe even adding additional printing sites in the future, are you seeing or hearing anything or is it too early to know?
Vyomesh Joshi -- President and Chief Executive Officer
Too early to know. I do believe medical device manufacturing, I really think I'm very excited about that segment. That I absolutely believe is going to be more expansion. But beyond that, I will be -- I think we need to still see more signals.
Greg Palm -- Craig-Hallum -- Analyst
Yeah, fair enough. Okay, thanks and good luck going forward.
Operator
Thank you. We have an additional follow-up question from the line of Ananda Baruah with Loop Capital Markets. Please proceed.
Vyomesh Joshi -- President and Chief Executive Officer
Go ahead, Ananda.
Ananda Baruah -- Loop Capital Markets -- Analyst
Hey, thanks. VJ, this could be for you and Todd as well. Can you just get -- walk through the cash framework just for a second? How much cash do you guys want on hand to run the business and what's in the revolver?
Vyomesh Joshi -- President and Chief Executive Officer
Yeah, at the high level, I'm very comfortable where we are with the cash position. Let Todd talk more details. Todd?
Todd Booth -- Executive Vice President and Chief Financial Officer
Yeah. So as you know, we ended the quarter at $112.8 million of cash. And then as I stated earlier that we have not drawn on the revolver as of today and so we have that availability as well. And I feel comfortable with our available liquidity position going forward, 2020 and beyond. So we're in good shape right now.
Ananda Baruah -- Loop Capital Markets -- Analyst
Okay, awesome. Can you remind us what's available to the revolver?
Todd Booth -- Executive Vice President and Chief Financial Officer
Yeah. So we have a term loan, which we've drawn and then there's a revolver. The revolver had availability. We've disclosed in the 10-Q that it has availability. We could have drawn up to $42 million to the end of Q1 based on our debt covenants. And then as of today, we have the ability to draw on that up to about $90 million, but we have not drawn on it.
Ananda Baruah -- Loop Capital Markets -- Analyst
Okay. Excellent. Thank you, guys. Thanks a lot.
Operator
Thank you. There are no other questions at this time. I would like to turn the call back over to Melanie Solomon for closing remarks. Melanie?
Melanie Solomon -- Investor Relations
Thank you all for joining us today and for your continued support of 3D Systems. A replay of this webcast will be available after the call in the Investor Relations section of our website. Stay healthy. Thank you everyone.
Operator
[Operator Closing Remarks]
Duration: 53 minutes
Call participants:
Melanie Solomon -- Investor Relations
Vyomesh Joshi -- President and Chief Executive Officer
Todd Booth -- Executive Vice President and Chief Financial Officer
Greg Palm -- Craig-Hallum -- Analyst
Christopher Van Horn -- 3D Systems Corporation -- Analyst
Jim Ricchiuti -- Needham -- Analyst
Ananda Baruah -- Loop Capital Markets -- Analyst
Brian Drab -- William Blair -- Analyst
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
More DDD analysis
All earnings call transcripts
{%sfr%}
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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*Stock Advisor returns as of April 16, 2020
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corp (NYSE: DDD) Q1 2020 Earnings Call May 6, 2020, 4:30 p.m. Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Melanie Solomon -- Investor Relations Vyomesh Joshi -- President and Chief Executive Officer Todd Booth -- Executive Vice President and Chief Financial Officer Greg Palm -- Craig-Hallum -- Analyst Christopher Van Horn -- 3D Systems Corporation -- Analyst Jim Ricchiuti -- Needham -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Brian Drab -- William Blair -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst More DDD analysis All earnings call transcripts {%sfr%} 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Our Company has the unique ability to architect solutions specific to customers' needs through a combination of breakthrough materials, hardware platforms, software and professional services, creating a path forward to integrating additive into traditional production environments.
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Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Melanie Solomon -- Investor Relations Vyomesh Joshi -- President and Chief Executive Officer Todd Booth -- Executive Vice President and Chief Financial Officer Greg Palm -- Craig-Hallum -- Analyst Christopher Van Horn -- 3D Systems Corporation -- Analyst Jim Ricchiuti -- Needham -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Brian Drab -- William Blair -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst More DDD analysis All earnings call transcripts {%sfr%} 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q1 2020 Earnings Call May 6, 2020, 4:30 p.m. With me on the call are Vyomesh Joshi, our President and Chief Executive Officer; Todd Booth, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
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Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Melanie Solomon -- Investor Relations Vyomesh Joshi -- President and Chief Executive Officer Todd Booth -- Executive Vice President and Chief Financial Officer Greg Palm -- Craig-Hallum -- Analyst Christopher Van Horn -- 3D Systems Corporation -- Analyst Jim Ricchiuti -- Needham -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Brian Drab -- William Blair -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst More DDD analysis All earnings call transcripts {%sfr%} 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q1 2020 Earnings Call May 6, 2020, 4:30 p.m. With me on the call are Vyomesh Joshi, our President and Chief Executive Officer; Todd Booth, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
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Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Melanie Solomon -- Investor Relations Vyomesh Joshi -- President and Chief Executive Officer Todd Booth -- Executive Vice President and Chief Financial Officer Greg Palm -- Craig-Hallum -- Analyst Christopher Van Horn -- 3D Systems Corporation -- Analyst Jim Ricchiuti -- Needham -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Brian Drab -- William Blair -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst More DDD analysis All earnings call transcripts {%sfr%} 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q1 2020 Earnings Call May 6, 2020, 4:30 p.m. So I think you're going to see that and some materials also impact in Q2.
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e7de1733-7762-4831-9893-040941ecceb9
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716749.0
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2020-05-07 00:00:00 UTC
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Noteworthy Thursday Option Activity: DISH, DDD, ZS
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DDD
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-dish-ddd-zs-2020-05-07
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in DISH Network Corp (Symbol: DISH), where a total of 13,713 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 44.9% of DISH's average daily trading volume over the past month of 3.1 million shares. Particularly high volume was seen for the $25 strike call option expiring June 19, 2020, with 5,240 contracts trading so far today, representing approximately 524,000 underlying shares of DISH. Below is a chart showing DISH's trailing twelve month trading history, with the $25 strike highlighted in orange:
3D Systems Corp. (Symbol: DDD) options are showing a volume of 8,621 contracts thus far today. That number of contracts represents approximately 862,100 underlying shares, working out to a sizeable 44.7% of DDD's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $8 strike call option expiring January 15, 2021, with 2,367 contracts trading so far today, representing approximately 236,700 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $8 strike highlighted in orange:
And Zscaler Inc (Symbol: ZS) saw options trading volume of 12,761 contracts, representing approximately 1.3 million underlying shares or approximately 42.6% of ZS's average daily trading volume over the past month, of 3.0 million shares. Particularly high volume was seen for the $76 strike call option expiring May 08, 2020, with 2,246 contracts trading so far today, representing approximately 224,600 underlying shares of ZS. Below is a chart showing ZS's trailing twelve month trading history, with the $76 strike highlighted in orange:
For the various different available expirations for DISH options, DDD options, or ZS options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $8 strike call option expiring January 15, 2021, with 2,367 contracts trading so far today, representing approximately 236,700 underlying shares of DDD. Below is a chart showing DISH's trailing twelve month trading history, with the $25 strike highlighted in orange: 3D Systems Corp. (Symbol: DDD) options are showing a volume of 8,621 contracts thus far today. That number of contracts represents approximately 862,100 underlying shares, working out to a sizeable 44.7% of DDD's average daily trading volume over the past month, of 1.9 million shares.
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Below is a chart showing DISH's trailing twelve month trading history, with the $25 strike highlighted in orange: 3D Systems Corp. (Symbol: DDD) options are showing a volume of 8,621 contracts thus far today. Below is a chart showing DDD's trailing twelve month trading history, with the $8 strike highlighted in orange: And Zscaler Inc (Symbol: ZS) saw options trading volume of 12,761 contracts, representing approximately 1.3 million underlying shares or approximately 42.6% of ZS's average daily trading volume over the past month, of 3.0 million shares. Below is a chart showing ZS's trailing twelve month trading history, with the $76 strike highlighted in orange: For the various different available expirations for DISH options, DDD options, or ZS options, visit StockOptionsChannel.com.
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Below is a chart showing DDD's trailing twelve month trading history, with the $8 strike highlighted in orange: And Zscaler Inc (Symbol: ZS) saw options trading volume of 12,761 contracts, representing approximately 1.3 million underlying shares or approximately 42.6% of ZS's average daily trading volume over the past month, of 3.0 million shares. Below is a chart showing DISH's trailing twelve month trading history, with the $25 strike highlighted in orange: 3D Systems Corp. (Symbol: DDD) options are showing a volume of 8,621 contracts thus far today. That number of contracts represents approximately 862,100 underlying shares, working out to a sizeable 44.7% of DDD's average daily trading volume over the past month, of 1.9 million shares.
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Especially high volume was seen for the $8 strike call option expiring January 15, 2021, with 2,367 contracts trading so far today, representing approximately 236,700 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $8 strike highlighted in orange: And Zscaler Inc (Symbol: ZS) saw options trading volume of 12,761 contracts, representing approximately 1.3 million underlying shares or approximately 42.6% of ZS's average daily trading volume over the past month, of 3.0 million shares. Below is a chart showing ZS's trailing twelve month trading history, with the $76 strike highlighted in orange: For the various different available expirations for DISH options, DDD options, or ZS options, visit StockOptionsChannel.com.
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9fbdd5f8-861a-44ee-b909-a448d77b95a2
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716750.0
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2020-05-07 00:00:00 UTC
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Why 3D Systems Stock Is in the Dumps -- Down 16%
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-is-in-the-dumps-down-16-2020-05-07
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nan
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nan
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What happened
Don't say you weren't warned. Ten days ago, in a preview of coming attractions, investment banker Piper Sandler alerted investors to the risk that "challenging markets" in the "automotive, aerospace, elective healthcare, and dental verticals" would cause 3D Systems (NYSE: DDD) to report "weak" sales results in fiscal Q1 2020 (reported by TheFly.com). Ten days later, 3D Systems did just that.
The company's Q1 sales number, which came out yesterday, was $134.7 million versus the $140.6 million that most other analysts were forecasting. Pro forma, the company did lose a bit less money than expected -- $0.04 per share versus the $0.05 loss anticipated -- but even so, a loss is a loss.
With its theory confirmed, today, Piper Sandler announced that it is lowering its price target for 3D Systems stock -- to $7.
Image source: Getty Images.
So what
Does 3D deserve the cut? Well, let's see.
From Q1 2019 to Q1 2020, 3D Systems has suffered an 11% decline in sales. Granted, the company was probably correct in blaming "the COVID-19 pandemic" for its difficulties. It's also worth noting that the $0.04 loss that 3D highlighted in its report was only a pro forma number. When calculated according to generally accepted accounting principles (GAAP), 3D lost $0.17 per share.
Now what
All that being said, 3D's news was far from all bad. For one thing, the company's Q1 2020 GAAP loss (and its pro forma loss, too, for that matter) was less steep than the $0.22 the company lost in Q1 2019. For another, 3D burned significantly less cash this past quarter than it did a year ago. The company's $2.3 million in negative operating cash flow represented an 85% reduction in cash outflows for the quarter. Combined with tight fiscal discipline and a halving in capital expenditures (to $4.4 million), this resulted in total cash burn for the quarter of "only" $6.7 million.
So sure, ideally, a stock investor would prefer to see no cash burn at all at a public company. But given that a year ago, this company was burning through $24 million in cash a quarter, it's clear that Q1 2020 marked an improvement in 3D's fortunes -- coronavirus notwithstanding.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 16, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ten days ago, in a preview of coming attractions, investment banker Piper Sandler alerted investors to the risk that "challenging markets" in the "automotive, aerospace, elective healthcare, and dental verticals" would cause 3D Systems (NYSE: DDD) to report "weak" sales results in fiscal Q1 2020 (reported by TheFly.com). With its theory confirmed, today, Piper Sandler announced that it is lowering its price target for 3D Systems stock -- to $7. But given that a year ago, this company was burning through $24 million in cash a quarter, it's clear that Q1 2020 marked an improvement in 3D's fortunes -- coronavirus notwithstanding.
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Ten days ago, in a preview of coming attractions, investment banker Piper Sandler alerted investors to the risk that "challenging markets" in the "automotive, aerospace, elective healthcare, and dental verticals" would cause 3D Systems (NYSE: DDD) to report "weak" sales results in fiscal Q1 2020 (reported by TheFly.com). For one thing, the company's Q1 2020 GAAP loss (and its pro forma loss, too, for that matter) was less steep than the $0.22 the company lost in Q1 2019. But given that a year ago, this company was burning through $24 million in cash a quarter, it's clear that Q1 2020 marked an improvement in 3D's fortunes -- coronavirus notwithstanding.
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Ten days ago, in a preview of coming attractions, investment banker Piper Sandler alerted investors to the risk that "challenging markets" in the "automotive, aerospace, elective healthcare, and dental verticals" would cause 3D Systems (NYSE: DDD) to report "weak" sales results in fiscal Q1 2020 (reported by TheFly.com). For one thing, the company's Q1 2020 GAAP loss (and its pro forma loss, too, for that matter) was less steep than the $0.22 the company lost in Q1 2019. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Rich Smith has no position in any of the stocks mentioned.
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Ten days ago, in a preview of coming attractions, investment banker Piper Sandler alerted investors to the risk that "challenging markets" in the "automotive, aerospace, elective healthcare, and dental verticals" would cause 3D Systems (NYSE: DDD) to report "weak" sales results in fiscal Q1 2020 (reported by TheFly.com). The company's Q1 sales number, which came out yesterday, was $134.7 million versus the $140.6 million that most other analysts were forecasting. So sure, ideally, a stock investor would prefer to see no cash burn at all at a public company.
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1d386716-d378-4c7f-b4c9-69161872c006
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716751.0
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2020-05-05 00:00:00 UTC
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3D Systems Earnings: What to Watch on Wednesday Afternoon
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-what-to-watch-on-wednesday-afternoon-2020-05-05
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nan
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nan
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2020 results on Wednesday, May 6, after the market closes.
The 3D printing company had been having a challenging time trying to grow revenue before the COVID-19 pandemic, so it seems likely that its first-quarter results aren't going to be pretty.
3D Systems stock is outperforming the market in 2020 because it was up big before the coronavirus-driven market sell-off, which began in mid-February and picked up speed in March. It's down "only" 6.2% through May 4, whereas the broader market is more than 11% in the red.
Here's what to watch in 3D Systems' report.
Image source: Getty Images.
Key quarterly numbers
Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks.
METRIC Q1 2019 RESULT WALL STREET'S Q1 2020 CONSENSUS ESTIMATES WALL STREET'S PROJECTED CHANGE (YOY)
Revenue
$164.7 million
$140.6 million
(14.6%)
Adjusted earnings per share (EPS)
($0.09)
($0.05)
Loss expected to narrow 44%
Data sources: 3D Systems and Yahoo! Finance. YOY = year over year.
For context, in the fourth quarter of 2019, 3D Systems' revenue declined 8.9% year over year. And in the third quarter, it moved 5.6% lower.
Last year, CEO Vyomesh Joshi attributed the company's anemic results to weakening macroeconomic conditions in some of its markets, the ordering patterns of a large enterprise customer, and the delay in shipping its factory metals systems. Shipments were halted several quarters ago because quality issues were found. Joshi said that these systems will begin shipping again in the second quarter.
Sales of 3D printers
It may surprise many investors that 3D printer sales only account for about 20% of the company's total revenue. However, these sales are critically important because they drive future sales of materials -- and materials have high profit margins.
So focus should remain on 3D printer revenue. Last quarter, this metric fell 23% year over year, which the company attributed to the three reasons previously listed.
Sales of materials
Management came through on its assertion that materials revenue growth would resume in the second half of last year. The materials year-over-year growth rate was 2.8% and 7.3%, respectively, in the third and fourth quarters.
This growth is being driven by the company's focus on selling production 3D printers, which use more materials than machines used primarily for prototyping.
Ideally, we'd see the materials year-over-year growth rate accelerate from the fourth quarter. However, the pandemic may have squashed the company's progress on this front. Hopefully, management provides some color on this topic during the earnings call. It would be very helpful for investors to know how the first two months of the quarter stacked up to the first two months of the same quarter last year. That's a comparison that should strip out the bulk of the impact from the pandemic.
CEO search
Management will probably give an update on the CEO search. In early February, Joshi informed the board of directors that he intended to retire by the end of the year (or before then if a successor is hired sooner).
Given the chaos surrounding the pandemic, it would seem unlikely the company has made much progress on the CEO search.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of April 16, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2020 results on Wednesday, May 6, after the market closes. Key quarterly numbers Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks. Last year, CEO Vyomesh Joshi attributed the company's anemic results to weakening macroeconomic conditions in some of its markets, the ordering patterns of a large enterprise customer, and the delay in shipping its factory metals systems.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2020 results on Wednesday, May 6, after the market closes. Key quarterly numbers Here are the company's results from the year-ago period and Wall Street's consensus estimates to use as benchmarks. For context, in the fourth quarter of 2019, 3D Systems' revenue declined 8.9% year over year.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2020 results on Wednesday, May 6, after the market closes. For context, in the fourth quarter of 2019, 3D Systems' revenue declined 8.9% year over year. Last year, CEO Vyomesh Joshi attributed the company's anemic results to weakening macroeconomic conditions in some of its markets, the ordering patterns of a large enterprise customer, and the delay in shipping its factory metals systems.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2020 results on Wednesday, May 6, after the market closes. For context, in the fourth quarter of 2019, 3D Systems' revenue declined 8.9% year over year. Sales of materials Management came through on its assertion that materials revenue growth would resume in the second half of last year.
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d1cce5ba-4a50-4e50-91dd-ef52d8a897ac
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716752.0
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2020-04-29 00:00:00 UTC
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DDD Crosses Above Key Moving Average Level
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DDD
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https://www.nasdaq.com/articles/ddd-crosses-above-key-moving-average-level-2020-04-29
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nan
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nan
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In trading on Wednesday, shares of 3D Systems Corp. (Symbol: DDD) crossed above their 200 day moving average of $8.67, changing hands as high as $9.06 per share. 3D Systems Corp. shares are currently trading up about 7.9% on the day. The chart below shows the one year performance of DDD shares, versus its 200 day moving average:
Looking at the chart above, DDD's low point in its 52 week range is $5.20 per share, with $12.56 as the 52 week high point — that compares with a last trade of $9.00.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of 3D Systems Corp. (Symbol: DDD) crossed above their 200 day moving average of $8.67, changing hands as high as $9.06 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $5.20 per share, with $12.56 as the 52 week high point — that compares with a last trade of $9.00. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of 3D Systems Corp. (Symbol: DDD) crossed above their 200 day moving average of $8.67, changing hands as high as $9.06 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $5.20 per share, with $12.56 as the 52 week high point — that compares with a last trade of $9.00. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of 3D Systems Corp. (Symbol: DDD) crossed above their 200 day moving average of $8.67, changing hands as high as $9.06 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $5.20 per share, with $12.56 as the 52 week high point — that compares with a last trade of $9.00. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of 3D Systems Corp. (Symbol: DDD) crossed above their 200 day moving average of $8.67, changing hands as high as $9.06 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $5.20 per share, with $12.56 as the 52 week high point — that compares with a last trade of $9.00. 3D Systems Corp. shares are currently trading up about 7.9% on the day.
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caee90a3-1da2-48c6-9055-aa717d885456
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716753.0
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2020-04-14 00:00:00 UTC
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5 Top Coronavirus Stocks Trading Under $10
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DDD
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https://www.nasdaq.com/articles/5-top-coronavirus-stocks-trading-under-%2410-2020-04-14
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nan
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Investors have become bargain-hunters in these coronavirus times, and with the market still well below its peak, there certainly are plenty of low-priced stocks for them to choose from. Indeed, a vast host of companies are now trading in the single digits. But -- spoiler alert -- most of them aren't bargains: They're trading as low as they are for good reasons.
However, some may not stay out of favor for long. I decided to scour the exchanges for stocks trading at $10 or less, but also with an eye for investments that could hold up better than most as the world adjusts to a new normal.
Mattel (NASDAQ: MAT), Sonos (NASDAQ: SONO), Upwork (NASDAQ: UPWK), 3D Systems (NYSE: DDD), and DouYu (NASDAQ: DOYU) all begin Monday trading below $10. Here's why I think they are well-positioned to beat the market over the long term.
Image source: Mattel.
Mattel
There is a lot not to like about Mattel. The toy-making giant has rattled off six consecutive years of revenue declines. The bankruptcy of Toys R Us didn't help it, and rejecting rival Hasbro's buyout proposal three years was a colossal mistake. However, these are also the reasons why its shares can now be had for a bit above $9, after hitting a 28-year low last month.
We're stuck at home, and many of us are being careful about our spending in these financially challenging times. However, if there's one thing you're probably not cutting back on, it's games for your kids, grandkids, nieces and nephews. Toys are helping the youngest generation get through the extended "stay-at-home" mandates, and people of all ages are back to playing board games again. Mattel still has its challenges, but if it can possibly turn its revenue trend around, this is the sort of climate it could do so in -- and analysts do expect to see that its revenue finally inched higher during the quarter that just ended.
Sonos
We're spending a lot more time at home now, and that means that any extra money we do spend will likely be to enhance our personal environments. Sonos is the pioneer in wireless home audio systems, and a favorite of audiophiles for its speaker systems that provide rich sounds custom-tailored to the acoustics of the rooms they are in.
Sonos was doing fine prior to the COVID-19 crisis. The stock hit a 52-week high in early February after the company posted quarterly revenue and net income that rose 13% and 15%, respectively. The stock has fallen more than 40% into the single digits on recessionary concerns, but give that this company that has managed to string together 14 consecutive years of revenue growth, you have to like its chances of continuing to grow its business at a time when services and products that enhance people's ability to enjoy themselves at home are more valuable than ever.
Upwork
Running a leading online marketplace for freelancers and contractors seems to be a business model well-suited for the new normal. Folks are working from home, full-time staffers are getting furloughed, and people with more time to spare than they expected during this downturn are turning to one-off gig-economy jobs to pay the bills.
Upwork is growing at a decent if not spectacular pace. Revenue rose 19% in its latest quarter, and guidance calls for a 13% to 15% top-line gain in 2020. The business model works, yet it remains one of the more obvious coronavirus plays to continue trading in the single digits.
3D Systems
A few years ago, people thought 3-D printers were soon going to be all the rage, but the push to take them mainstream fell flat. Revenue for leading printer maker 3D Systems fell 9% last year, and you have to go all the way back to 2014 to find the last time that the pioneer in this niche posted double-digit-percentage top-line growth.
The hype may have fallen short of the reality, but 3-D printing is making headlines during the coronavirus crisis as people and companies in possession of the high-tech machines are putting them to work creating face shields, hands-free door handles, oxygen valves, and even quarantine rooms.
Analysts forecast that 3D Systems' will return to growth later this year, and get back to profitability in 2021. Now that the turnaround speed and adaptability of 3-D printing is being used to help tackle the pandemic, the revolutionary technology is finally coming into its own.
DouYu
The one Chinese stock on this list is a leading player in the streaming of online gaming events. The market for esports was already booming before the pandemic, and now many more folks stuck at home are discovering the pleasures of watching top-notch video game players, if not sharing their own actual gaming footage.
The company often referred to as the "Twitch of China" is growing at a rapid pace. Revenue soared 78% in its fourth quarter, which it reported on last month, outpacing the 69% to 75% growth it was targeting in late November. It posted a much larger than expected profit, when a year ago it was operating at a deficit. There are now 165.8 million monthly active users on its platform, a mere 8% more than at this time last year -- but the number of paying users has soared 71% over that timespan.
These are scary times, and even many of these companies will feel the pinch of the coronavirus crisis. However, don't be surprised if some --or even all -- of their share prices rebound back into the double digits as 2020 plays out.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 18, 2020
Rick Munarriz owns shares of Sonos Inc and Upwork. The Motley Fool owns shares of and recommends Hasbro and Sonos Inc. The Motley Fool recommends 3D Systems and Upwork. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Mattel (NASDAQ: MAT), Sonos (NASDAQ: SONO), Upwork (NASDAQ: UPWK), 3D Systems (NYSE: DDD), and DouYu (NASDAQ: DOYU) all begin Monday trading below $10. The stock has fallen more than 40% into the single digits on recessionary concerns, but give that this company that has managed to string together 14 consecutive years of revenue growth, you have to like its chances of continuing to grow its business at a time when services and products that enhance people's ability to enjoy themselves at home are more valuable than ever. Folks are working from home, full-time staffers are getting furloughed, and people with more time to spare than they expected during this downturn are turning to one-off gig-economy jobs to pay the bills.
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Mattel (NASDAQ: MAT), Sonos (NASDAQ: SONO), Upwork (NASDAQ: UPWK), 3D Systems (NYSE: DDD), and DouYu (NASDAQ: DOYU) all begin Monday trading below $10. The Motley Fool owns shares of and recommends Hasbro and Sonos Inc. The Motley Fool recommends 3D Systems and Upwork.
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Mattel (NASDAQ: MAT), Sonos (NASDAQ: SONO), Upwork (NASDAQ: UPWK), 3D Systems (NYSE: DDD), and DouYu (NASDAQ: DOYU) all begin Monday trading below $10. The stock has fallen more than 40% into the single digits on recessionary concerns, but give that this company that has managed to string together 14 consecutive years of revenue growth, you have to like its chances of continuing to grow its business at a time when services and products that enhance people's ability to enjoy themselves at home are more valuable than ever. Revenue for leading printer maker 3D Systems fell 9% last year, and you have to go all the way back to 2014 to find the last time that the pioneer in this niche posted double-digit-percentage top-line growth.
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Mattel (NASDAQ: MAT), Sonos (NASDAQ: SONO), Upwork (NASDAQ: UPWK), 3D Systems (NYSE: DDD), and DouYu (NASDAQ: DOYU) all begin Monday trading below $10. Mattel still has its challenges, but if it can possibly turn its revenue trend around, this is the sort of climate it could do so in -- and analysts do expect to see that its revenue finally inched higher during the quarter that just ended. Revenue for leading printer maker 3D Systems fell 9% last year, and you have to go all the way back to 2014 to find the last time that the pioneer in this niche posted double-digit-percentage top-line growth.
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2020-04-06 00:00:00 UTC
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Why 3D Systems Stock Fell 16% in March
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-fell-16-in-march-2020-04-07
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nan
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What happened
Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, declined 15.8% in March, according to data from S&P Global Market Intelligence.
For context, the S&P 500 index returned negative 12.4% last month, as the coronavirus-driven market sell-off that began in February continued.
In 2020, 3D Systems stock is down 19.4% through April 6, compared with the broader market's return of negative 17.1% over this period.
Image source: Getty Images.
So what
3D Systems didn't release any major news in March. We can attribute its stock's drop last month to the overall market sell-off. The stock fell just a little more than the broader market.
The last significant news from the 3D printing company came on Feb. 26 when it released its fourth-quarter and full-year 2019 results. In Q4, revenue fell 8.9% year over year to $164.6 million, loss per share was flat with the year-ago period at $0.04, and earnings per share (EPS) adjusted for one-time items declined 50% to $0.05. These are far from good results, but they did manage to beat Wall Street's consensus estimates. Analysts were looking for adjusted EPS of $0.01 on revenue of $163.7 million.
Management attributed the weak results to three factors: a soft macroeconomic industrial environment, the delay in shipping factory metals printing solutions, and the timing of large enterprise customer orders.
Now what
For the first quarter of 2020, Wall Street expects an adjusted loss per share of $0.03 on revenue of $145.5 million. This represents a 66% narrowing of the loss per share and a nearly 12% decline in revenue compared with the year-ago period.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 18, 2020
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, declined 15.8% in March, according to data from S&P Global Market Intelligence. For context, the S&P 500 index returned negative 12.4% last month, as the coronavirus-driven market sell-off that began in February continued. Management attributed the weak results to three factors: a soft macroeconomic industrial environment, the delay in shipping factory metals printing solutions, and the timing of large enterprise customer orders.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, declined 15.8% in March, according to data from S&P Global Market Intelligence. In Q4, revenue fell 8.9% year over year to $164.6 million, loss per share was flat with the year-ago period at $0.04, and earnings per share (EPS) adjusted for one-time items declined 50% to $0.05. Now what For the first quarter of 2020, Wall Street expects an adjusted loss per share of $0.03 on revenue of $145.5 million.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, declined 15.8% in March, according to data from S&P Global Market Intelligence. In 2020, 3D Systems stock is down 19.4% through April 6, compared with the broader market's return of negative 17.1% over this period. In Q4, revenue fell 8.9% year over year to $164.6 million, loss per share was flat with the year-ago period at $0.04, and earnings per share (EPS) adjusted for one-time items declined 50% to $0.05.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, declined 15.8% in March, according to data from S&P Global Market Intelligence. The stock fell just a little more than the broader market. In Q4, revenue fell 8.9% year over year to $164.6 million, loss per share was flat with the year-ago period at $0.04, and earnings per share (EPS) adjusted for one-time items declined 50% to $0.05.
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2020-04-06 00:00:00 UTC
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Could Coronavirus Save Struggling 3D Systems Stock?
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DDD
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https://www.nasdaq.com/articles/could-coronavirus-save-struggling-3d-systems-stock-2020-04-06
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
For the past several years, I’ve sounded a bearish tone on 3D printing stocks, including industry leader 3D Systems (NYSE:DDD). As it turns out, that bearish tone has rung true. From my first bearish take on 3D Systems stock in August 2017, the stock has lost more than half of its value.
Source: Shutterstock
It may be time to take off the bearish hat and put on a bullish one. 3D Systems stock could be in the early stages of big growth over the next few years.
As renowned growth investor Matt McCall pointed out, the growth outlook for the whole industry is rapidly improving amid multiple technological breakthroughs and societal changes. According to Matt:
The bottom line is that 3D printing is on the cusp of major growth that will be driven by necessity, rising demand, and advances in 3D scanning and imaging in the $12 trillion global manufacturing sector.
7 Telecom Stocks That Are Worth a Close Look
I agree. And I think that this major growth outbreak over the next decade warrants a good look at DDD stock at current levels. Here’s why.
3D Printing Is Proving Its Value
Let me be clear. I don’t think that 3D printing is ever going to wholesale replace the current manufacturing process or disrupt global supply chains. This isn’t a trillion dollar industry in the making.
But, I do think that 3D printing will become a necessary part of every assembly line over the next decade.
3D printing still has huge shortcomings relative to molding, casting, and machining. Relative to those processes, 3D printing is slow, expensive, and not terribly scalable. It’s unlikely that 3D printing ever wholesale replaces these legacy manufacturing processes.
However, technological advancements over the past few years have proven that 3D printing adds value in other ways outside of wholesale assembly line replacement.
Since 2014, 3D printing has gone from a plastic-only, expensive, slow, and volume-constrained process, to a plastic-and-metal, less costly, much faster, and much bigger process. Specifically, there are now metal 3D printers, printing speeds have increased by up to 100%, and build volumes have gone from 10 x 10 x 10 centimeters, to 50 x 50 x 50 centimeters.
Because of these improvements, 3D printing has started to prove its value in the industrial manufacturing world. 3D printing is great for plastic prototyping, specialty parts manufacturing, quick re-tooling, on-demand parts customization, and much more.
Technological improvements will further drive costs down and printing speeds and build volumes up over the next several years. As all that happens, more industrial organizations will adopt 3D printing for specialty needs, and this industry will expand significantly.
Big Growth Ahead
According to 3D Systems, only 18% of industrial organizations have adopted 3D printing so far. By 2022, that number is projected to rise to 46%, thanks to the aforementioned drivers.
The industrial manufacturing world is $12 trillion large. Thus, 3D printers are expected to significantly expand their penetration into a $12 trillion industrial manufacturing market over the next few years.
3D Systems is a $900 million company. Connect the dots. You are talking about a $900 million dollar company with visibility to gain significant share in a $12 trillion market. Couple that with the fact that the management team at 3D Systems is hyper-focused on cost-cutting — operating expenses dropped 9% in 2019 — and what you have with 3D systems is quite promising.
Big revenue growth thanks to broader industrial organization adoption. Margin expansion thanks to scale and cost-cutting. Big profit growth on the back on big revenue growth and margin expansion.
If all that happens, then 3D Systems stock could be in the midst of a bottoming process before shooting higher over the next few years.
Bottom Line on 3D Systems Stock
3D Systems stock has been a loser for a long time. But the stock is now beaten up enough that, if the tide in industrial 3D printing turns in the next few years, shares could explode higher.
I think that’s what could happen. 3D printing adoption rates in the industrial manufacturing world could significantly improve thanks to technological improvements. The company’s revenue growth trends could turnaround in a big way. Margins could move higher. Profits could move doubly higher. And 3D Systems stock could run way higher.
Luke Lango is a Markets Analyst for InvestorPlace. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. A Caltech graduate, Luke has consistently been rated one of the world’s top stock pickers by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. As of this writing, he did not hold a position in any of the aforementioned securities.
The post Could Coronavirus Save Struggling 3D Systems Stock? appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips For the past several years, I’ve sounded a bearish tone on 3D printing stocks, including industry leader 3D Systems (NYSE:DDD). And I think that this major growth outbreak over the next decade warrants a good look at DDD stock at current levels. According to Matt: The bottom line is that 3D printing is on the cusp of major growth that will be driven by necessity, rising demand, and advances in 3D scanning and imaging in the $12 trillion global manufacturing sector.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips For the past several years, I’ve sounded a bearish tone on 3D printing stocks, including industry leader 3D Systems (NYSE:DDD). And I think that this major growth outbreak over the next decade warrants a good look at DDD stock at current levels. Big profit growth on the back on big revenue growth and margin expansion.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips For the past several years, I’ve sounded a bearish tone on 3D printing stocks, including industry leader 3D Systems (NYSE:DDD). And I think that this major growth outbreak over the next decade warrants a good look at DDD stock at current levels. Big Growth Ahead According to 3D Systems, only 18% of industrial organizations have adopted 3D printing so far.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips For the past several years, I’ve sounded a bearish tone on 3D printing stocks, including industry leader 3D Systems (NYSE:DDD). And I think that this major growth outbreak over the next decade warrants a good look at DDD stock at current levels. Bottom Line on 3D Systems Stock 3D Systems stock has been a loser for a long time.
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2020-04-01 00:00:00 UTC
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Why 3D Printing Stocks Sank Today
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DDD
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https://www.nasdaq.com/articles/why-3d-printing-stocks-sank-today-2020-04-01
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nan
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What happened
Yowza. That was not fun.
On Tuesday, President Trump warned Americans to expect a "very, very painful" two weeks ahead as the COVID-19 pandemic enters its most damaging phase, and Americans buckle down and batten hatches for another month of social distancing. Stocks began falling almost immediately, closing Tuesday down...and Wednesday even further down, with the S&P 500 shedding 4.4% of its worth today.
3D printing stocks didn't escape unscathed, with shares of:
Printer-maker 3D Systems (NYSE: DDD) suffering a 14.1% fall
3D Systems archrival Stratasys (NASDAQ: SSYS) down nearly as much, with an 11.8% loss
3D printing prototype producer Proto Labs (NYSE: PRLB) off 8.3% as well
Image source: Getty Images.
So what
Now here's the good news: There was no bad news. By all accounts, none of these three stocks had any company-specific announcements dragging it down today. None reported poor earnings. None warned of poor earnings to come, either. No analysts announced downgrades of their stocks, nor cut price targets on their shares.
Instead, all three companies became unwitting victims of a broad-based stock sell-off, plain and simple.
Now what
Is that fair? Arguably, it isn't.
I mean, yes, on the one hand the American economy seems bound for recession; I honestly don't see how we can avoid that fate at this point. And yes, that's going to be bad for sales, for profits, and for stocks in general.
That being said, these three stocks actually look, to me, to be heading into the recession better-prepared to survive it than most. In contrast to many of their larger, traditional manufacturing peers, none of these companies -- Proto Labs, 3D, or Stratasys -- is heading into the recession with a balance sheet burdened by debt, or at least not more debt than they have cash ready with which to pay it off. Stratasys in particular has $300 million more cash than debt available to it today.
What's more, while the recent economic shutdowns may have changed this somewhat, at last report, two of these three companies -- 3D Systems and Proto Labs -- were still generating positive free cash flow from their businesses. Stratasys was not; it actually burned nearly $34 million in cash last year. But again, Stratasys is the one with the biggest cash reserve available, to tide it through the hard times to come.
Seems to me that punishing 3D Systems, Stratasys, and Proto Labs stocks with declines double or triple what the average stock on Wall Street suffered today, was actually the opposite of what investors should have been doing. I wouldn't be a bit surprised if, after this present sell-off runs its course, all three of these stocks bounce back harder, and farther, than most.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 18, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D printing stocks didn't escape unscathed, with shares of: Printer-maker 3D Systems (NYSE: DDD) suffering a 14.1% fall 3D Systems archrival Stratasys (NASDAQ: SSYS) down nearly as much, with an 11.8% loss 3D printing prototype producer Proto Labs (NYSE: PRLB) off 8.3% as well Image source: Getty Images. What's more, while the recent economic shutdowns may have changed this somewhat, at last report, two of these three companies -- 3D Systems and Proto Labs -- were still generating positive free cash flow from their businesses. I wouldn't be a bit surprised if, after this present sell-off runs its course, all three of these stocks bounce back harder, and farther, than most.
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3D printing stocks didn't escape unscathed, with shares of: Printer-maker 3D Systems (NYSE: DDD) suffering a 14.1% fall 3D Systems archrival Stratasys (NASDAQ: SSYS) down nearly as much, with an 11.8% loss 3D printing prototype producer Proto Labs (NYSE: PRLB) off 8.3% as well Image source: Getty Images. Seems to me that punishing 3D Systems, Stratasys, and Proto Labs stocks with declines double or triple what the average stock on Wall Street suffered today, was actually the opposite of what investors should have been doing. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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3D printing stocks didn't escape unscathed, with shares of: Printer-maker 3D Systems (NYSE: DDD) suffering a 14.1% fall 3D Systems archrival Stratasys (NASDAQ: SSYS) down nearly as much, with an 11.8% loss 3D printing prototype producer Proto Labs (NYSE: PRLB) off 8.3% as well Image source: Getty Images. Seems to me that punishing 3D Systems, Stratasys, and Proto Labs stocks with declines double or triple what the average stock on Wall Street suffered today, was actually the opposite of what investors should have been doing. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Rich Smith has no position in any of the stocks mentioned.
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3D printing stocks didn't escape unscathed, with shares of: Printer-maker 3D Systems (NYSE: DDD) suffering a 14.1% fall 3D Systems archrival Stratasys (NASDAQ: SSYS) down nearly as much, with an 11.8% loss 3D printing prototype producer Proto Labs (NYSE: PRLB) off 8.3% as well Image source: Getty Images. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them!
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716757.0
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2020-03-30 00:00:00 UTC
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5 Top Stock Trades for Tuesday: ZM, WORK, TWTR, ABT, DDD
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DDD
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https://www.nasdaq.com/articles/5-top-stock-trades-for-tuesday%3A-zm-work-twtr-abt-ddd-2020-03-30
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Stocks cautiously climbed higher on Monday, as investors continue to test the validity of the current rebound. That said, let’s look at a few top stock trades.
Top Stock Trades for Tomorrow No. 1: Zoom Video (ZM)
Click to Enlarge
Source: Chart courtesy of StockCharts.com
Zoom Video (NYSE:ZM) tried pushing to new 52-week highs on Monday, but was unable to do so. It leaves shares being rejected from the $160 mark — again — as bulls wonder if ZM is losing momentum.
If ZM does lose momentum, we could see a pullback to the $125 to $130 area, which was previously resistance. It could also catch a bounce from its rising 20-day moving average. Below this area puts the $105 mark and the 50-day moving average in play.
7 Strong Stocks to Buy to Survive the Coronavirus Crisis
Above $165 could fuel even more upside in Zoom Video.
Top Stock Trades for Tomorrow No. 2: Slack (WORK)
Click to Enlarge
Source: Chart courtesy of StockCharts.com
When Slack (NYSE:WORK) reported earnings a few weeks ago, shares plunged to a low below $16. After several tests of this level, though, shares found this mark as support, surging through $20 and climbing up toward $30.
However, this $28 to $30 has been a difficult area of resistance for Slack stock. If it breaks, WORK could rip higher, with a move into the mid-$30s in the realm of possibilities.
However, if this area continues to act as resistance, look for a pullback down to the 50-day and 100-day moving averages, between $23 and $24. Below that and $20 is back in play.
Given how hot this name has been, I wouldn’t expect it to break below $20, which was pre-earnings support. If by chance it does, though, it puts $16 in play.
Top Stock Trades for Tomorrow No. 3: Twitter (TWTR)
Click to Enlarge
Source: Chart courtesy of StockCharts.com
Twitter (NYSE:TWTR) shares remain under pressure, although at least there is a low to measure against.
The $26 to $28 zone has been support for several years, as has the 200-week moving average. It’s clear that for now, the latter is acting as resistance, while Twitter is having trouble reclaiming the former as well.
It will need reclaim both marks in order for bulls to regain control. Below $26 and sellers can continue to drive the narrative here. Below $24 and momentum may drive shares back down toward $20.
5 Stocks to Buy That Are Holding Strong While Everything Else Crumbles
On a move over $28, $30 is on the table. Above that and $34 to $35 is possible.
Top Trades for Tomorrow No. 4: Abbott Labs (ABT)
Click to Enlarge
Source: Chart courtesy of StockCharts.com
Despite good news about its new coronavirus testing kit, Abbott Labs (NYSE:ABT) was unable to push through resistance on Monday. Shares still put together a solid rally, though, up 7% at the time of this writing.
Since losing the $82 mark in late-February, this level has been acting as resistance. If ABT stock could have held this mark on Monday, I would have felt better about it on the long side. That’s even as the 50-day, 100-day and 200-day moving averages between $83 and $84 are acting as resistance.
Over $82 puts this trifecta back in play. Over its major moving averages and a gap fill up toward $88 is possible. Below $82 keeps $76 on the table. Below that and $70 or lower is possible.
Top Trades for Tomorrow No. 5: 3D Systems (DDD)
Click to Enlarge
Source: Chart courtesy of StockCharts.com
Go ahead and count 3D Systems (NASDAQ:DDD) among those that are posting solid rebounds from this month’s low.
Over $7.50 and DDD can continue higher, potentially up to its 200-day moving average at $8.81. Above that and the 100-day and 50-day moving averages are possible.
Below $7.50 and $6.50 is in play. Below that and — yep, you guessed it — $5.50 is possible. Keep it simple whenever possible.
Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he did not hold a position in any of the aforementioned securities.
The post 5 Top Stock Trades for Tuesday: ZM, WORK, TWTR, ABT, DDD appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to Enlarge Source: Chart courtesy of StockCharts.com Go ahead and count 3D Systems (NASDAQ:DDD) among those that are posting solid rebounds from this month’s low. 5: 3D Systems (DDD) Over $7.50 and DDD can continue higher, potentially up to its 200-day moving average at $8.81.
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5: 3D Systems (DDD) Click to Enlarge Source: Chart courtesy of StockCharts.com Go ahead and count 3D Systems (NASDAQ:DDD) among those that are posting solid rebounds from this month’s low. Over $7.50 and DDD can continue higher, potentially up to its 200-day moving average at $8.81.
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The post 5 Top Stock Trades for Tuesday: ZM, WORK, TWTR, ABT, DDD appeared first on InvestorPlace. 5: 3D Systems (DDD) Click to Enlarge Source: Chart courtesy of StockCharts.com Go ahead and count 3D Systems (NASDAQ:DDD) among those that are posting solid rebounds from this month’s low.
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Over $7.50 and DDD can continue higher, potentially up to its 200-day moving average at $8.81. The post 5 Top Stock Trades for Tuesday: ZM, WORK, TWTR, ABT, DDD appeared first on InvestorPlace. 5: 3D Systems (DDD)
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2020-03-27 00:00:00 UTC
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The Hypergrowth Industry That’s Helping Save the Day … And Looking Even Better Tomorrow
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https://www.nasdaq.com/articles/the-hypergrowth-industry-thats-helping-save-the-day-...-and-looking-even-better-tomorrow
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With so much going on in the world, it’s difficult to step outside of our day-to-day concerns and think about the future.
Cities, states, and whole countries are hunkering down to prevent the spread of the coronavirus to vulnerable populations. The toll on human life is tragic, while the economic impact has cut swift and deep.
But in thinking about the future, I’m sure we’ll come out of the crisis stronger, wiser, and better prepared for a market resurgence. Just like we’ve always done.
I’m also sure that the hypergrowth investing trends we track have grown even more essential to our economy and our very way of life.
If anything, this global health crisis will speed up the technological transformations I’ve been following for years. We simply can’t afford not to.
7 Strong Stocks to Buy to Survive the Coronavirus Crisis
One of the hypergrowth sectors you should watch closely right now might surprise you.
3D Printing to the Rescue
A few years ago, 3D printing was hot. Using a computer to join material and create three-dimensional objects seemed transformative. The hype died down a bit, but this amazing technology is again proving its value in the coronavirus crisis.
Cristian Fracassi, founder and CEO of the Italian 3D printing start-up Isinnova, learned about a hospital in his home country that was struggling to deal with the outbreak. It was running out of a key component it needed to keep people alive, and he jumped into action.
Hospital staff desperately searched for more valves that connect respirators to oxygen masks. The problem was that the company that typically supplies them could not meet the surging demand.
In stepped Isinnova. The company printed off prototypes of the valves and sent them to the hospital for testing. Once they got word the valves worked, Isinnova “printed” 100 valves. Fracassi delivered them personally.
The American Hospital Association has said up to 960,000 people could need ventilators to treat severe cases of COVID-19. As you can imagine, having enough critical parts for these machines will be a big challenge.
3D printers can help fill in gaps in the supply chain.
Same with other crucial supplies healthcare workers need to treat their patients, like protective face masks. Officials from Massachusetts General Hospital in Boston are asking people with 3D printers to step in and make them for hospital staff.
Medical residents at the hospital also set up a competition to develop a mechanical ventilator within 90 days. Their goal is to manufacture the ventilators and distribute them as fast as possible with FDA approval.
Another company, Copper3D, created a 3D-printed mask similar to the N95 mask that’s in short supply. It released the design to the public … for free online.
Making parts for medical equipment needed to combat the coronavirus is just the start. The possibilities in healthcare are limitless.
Today, companies are 3D printing organs for the long list of people awaiting transplants. Burn victims could turn to 3D printed skin in lieu of extremely painful skin grafts. This process, also known as bioprinting, can fabricate everything from cells to biochemicals and ultimately to tissues and organs through precise, layer-by-layer manufacturing.
Cosmetics giant L’Oreal has been using 3D tech for more than 20 years and recently began bioprinting human skin that can be used to test products, reducing the use of animals in testing.
This so-called additive manufacturing — where the precise amount of material needed for the job is used, layer-by-layer, while leaving nothing left over in the process — is particularly suited to disrupt industries manufacturing customizable low-volume, high-value parts.
But there’s so much more possibility.
I fully expect we’ll see more and more 3D printing companies coming out of the woodwork to meet growing demand as the outbreak “stress tests” supply chains at home and abroad.
In fact, it’s already starting to happen…
A Resurging Industry
After hitting a peak in 2014, the industry fell off many people’s radar. The dream of everyone making various gadgets on their own 3D printer at home never quite materialized.
But 3D printing hasn’t gone away. Far from it. And it’s time investors revisit the trend because 3D printing is changing the future of manufacturing… and anything and everything industrial.
For example, the 3D market in metals is barely a blip today. By 2030-2035, it could reach $10 billion — from virtually zero today. These 3D printed metals can be used in everything from aerospace and defense to the automotive industry as a lower-cost, faster-produced alternative.
McKinsey estimates that the overall 3D printing market could boom from $4 billion in 2015 to $490 billion in 2025. That’s 122X growth in a decade. My goal is to find investment themes and stocks that are poised to reach hypergrowth levels. It is not too often that the upside multiple is 122X.
Recently, Additive Manufacturing reported that companies sourcing manufacturing parts from China have been looking for alternatives since the tariff wars between it and the U.S. began in 2018. The coronavirus has only intensified the situation.
For instance, a survey by Gardner Intelligence and Composites World found that almost 60% of composite materials industry professionals faced some impact on procuring parts and materials only 12 weeks after the first reports of the coronavirus appeared in China.
Meanwhile, companies that rely on injection molds to manufacture various parts couldn’t get those molds out of China or other parts of Asia.
3D printing does not even require the tool needed to make injection molds, only the raw materials and the software. Plus, the manufacturing can be done onsite or near to where a part is needed, instead of having it sent across clogged shipping lanes.
The bottom line is that 3D printing is on the cusp of major growth that will be driven by necessity, rising demand, and advances in 3D scanning and imaging in the $12 trillion global manufacturing sector.
That’s why I expect this industry will help get us back on our feet and looking forward to the future.
Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. The power of being “first” gave Matt’s readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities.
The post The Hypergrowth Industry That’s Helping Save the Day … And Looking Even Better Tomorrow appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cristian Fracassi, founder and CEO of the Italian 3D printing start-up Isinnova, learned about a hospital in his home country that was struggling to deal with the outbreak. I fully expect we’ll see more and more 3D printing companies coming out of the woodwork to meet growing demand as the outbreak “stress tests” supply chains at home and abroad. The bottom line is that 3D printing is on the cusp of major growth that will be driven by necessity, rising demand, and advances in 3D scanning and imaging in the $12 trillion global manufacturing sector.
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Cosmetics giant L’Oreal has been using 3D tech for more than 20 years and recently began bioprinting human skin that can be used to test products, reducing the use of animals in testing. I fully expect we’ll see more and more 3D printing companies coming out of the woodwork to meet growing demand as the outbreak “stress tests” supply chains at home and abroad. Recently, Additive Manufacturing reported that companies sourcing manufacturing parts from China have been looking for alternatives since the tariff wars between it and the U.S. began in 2018.
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This so-called additive manufacturing — where the precise amount of material needed for the job is used, layer-by-layer, while leaving nothing left over in the process — is particularly suited to disrupt industries manufacturing customizable low-volume, high-value parts. I fully expect we’ll see more and more 3D printing companies coming out of the woodwork to meet growing demand as the outbreak “stress tests” supply chains at home and abroad. For instance, a survey by Gardner Intelligence and Composites World found that almost 60% of composite materials industry professionals faced some impact on procuring parts and materials only 12 weeks after the first reports of the coronavirus appeared in China.
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If anything, this global health crisis will speed up the technological transformations I’ve been following for years. Making parts for medical equipment needed to combat the coronavirus is just the start. For example, the 3D market in metals is barely a blip today.
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3081ddab-8ed4-4d59-93a4-7132c6cd66bc
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716759.0
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2020-03-21 00:00:00 UTC
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After the Coronavirus Sell-Off, Is 3D Systems Stock a Buy?
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DDD
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https://www.nasdaq.com/articles/after-the-coronavirus-sell-off-is-3d-systems-stock-a-buy-2020-03-21
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nan
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No two ways about it: The month of March has been miserable for investors in three-dimensional printer-maker 3D Systems (NYSE: DDD), who have watched their investments plummet in price from a February 20 high of $12.41 a share to Thursday's closing price of $6.64 -- a 46% drop in under a month's time.
On the other hand, though ... 3D Systems is now 46% cheaper than it was just one month ago. Does this make 3D Systems stock a buy?
Image source: Getty Images.
We're building a movement ... down
Part of the reason 3D Systems stock is down so much, clearly, is the novel coronavirus and the havoc it has wreaked upon world stock markets. While not quite as steep as 3D's fall, the S&P 500 index as a whole is down 29% since February 20, and it's taken a lot of stocks down with it.
Of course, it didn't help matters that in the midst of this broad-market downturn, 3D Systems reported its own Q4 earnings -- earnings that weren't all that great.
What the earnings said
My fellow Fool Beth McKenna ran down the numbers for us last month. For fiscal Q4, 3D reported:
A 9% drop in revenue,
A 2.1 percentage point drop in gross profits on that revenue,
Negative GAAP earnings of $0.04 per share, and
A 50% decline in adjusted earnings.
Weak earnings in the midst of a stock market downturn? "That's a paddlin'." Already on the decline before earnings came out, 3D's stock shed 5% of its value the day the news was made public -- and has continued falling along with the rest of the market ever since.
And it may not be done falling yet.
As Beth later pointed out, 3D printer makers like 3D struggled to overcome a "weak macroeconomic environment" in Q4, but instead of improving this year, the economy is "poised to get much weaker due to the COVID-19 pandemic." And 3D isn't entering this weakened economy in the best competitive position, either.
With only $134 million of cash in the bank, it's got less than half the cash available to sustain it, as has its biggest publicly traded competitor, Stratasys (NASDAQ: SSYS), a company with similar revenue size and a stronger market capitalization. With more cash to work with, Stratasys is better positioned to capitalize on a market full of even weaker competitors -- it can cut prices to win market share and roll up competition to emerge from the crisis stronger than before. And it's got more money to spend on research and development to make its products better.
And Stratasys is in fact spending that R&D cash -- 40% more than 3D is spending.
The upshot for investors
Now, admittedly the news isn't all bad for 3D Systems. For one thing, while Stratasys has more money now, it's not currently generating any new cash in the form of positive free cash flow. 3D is -- even if only a little ($7.6 million in FCF generated last year).
3D's ability to self-fund its operations means that even if it has less cash to work with currently, it's unlikely to run out of cash, or go out of business, unless its business gets significantly worse in the year to come. (Although it's worth noting that if we fall into a recession, that could very well happen.)
Also worth noting is that, historically, Stratasys has been the better cash generator, throwing off roughly $40 million in positive free cash flow in each of 2017 and 2018, for example, versus negative free cash flow at 3D Systems. This is one of the reasons Stratasys has so much more cash in the bank today than 3D. And if things "revert to the norm," it's why investors might expect Stratasys to outperform 3D going forward as well.
Long story short, 3D Systems stock has been pretty beat up by the market downturn these past three weeks. It's a lot cheaper than it once was -- but that still doesn't make it a "buy."
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 18, 2020
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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No two ways about it: The month of March has been miserable for investors in three-dimensional printer-maker 3D Systems (NYSE: DDD), who have watched their investments plummet in price from a February 20 high of $12.41 a share to Thursday's closing price of $6.64 -- a 46% drop in under a month's time. Already on the decline before earnings came out, 3D's stock shed 5% of its value the day the news was made public -- and has continued falling along with the rest of the market ever since. As Beth later pointed out, 3D printer makers like 3D struggled to overcome a "weak macroeconomic environment" in Q4, but instead of improving this year, the economy is "poised to get much weaker due to the COVID-19 pandemic."
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No two ways about it: The month of March has been miserable for investors in three-dimensional printer-maker 3D Systems (NYSE: DDD), who have watched their investments plummet in price from a February 20 high of $12.41 a share to Thursday's closing price of $6.64 -- a 46% drop in under a month's time. With more cash to work with, Stratasys is better positioned to capitalize on a market full of even weaker competitors -- it can cut prices to win market share and roll up competition to emerge from the crisis stronger than before. For one thing, while Stratasys has more money now, it's not currently generating any new cash in the form of positive free cash flow.
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No two ways about it: The month of March has been miserable for investors in three-dimensional printer-maker 3D Systems (NYSE: DDD), who have watched their investments plummet in price from a February 20 high of $12.41 a share to Thursday's closing price of $6.64 -- a 46% drop in under a month's time. We're building a movement ... down Part of the reason 3D Systems stock is down so much, clearly, is the novel coronavirus and the havoc it has wreaked upon world stock markets. Also worth noting is that, historically, Stratasys has been the better cash generator, throwing off roughly $40 million in positive free cash flow in each of 2017 and 2018, for example, versus negative free cash flow at 3D Systems.
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No two ways about it: The month of March has been miserable for investors in three-dimensional printer-maker 3D Systems (NYSE: DDD), who have watched their investments plummet in price from a February 20 high of $12.41 a share to Thursday's closing price of $6.64 -- a 46% drop in under a month's time. Weak earnings in the midst of a stock market downturn? For one thing, while Stratasys has more money now, it's not currently generating any new cash in the form of positive free cash flow.
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937177a3-fa54-4177-af05-16139752e149
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716760.0
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2020-03-17 00:00:00 UTC
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Why Stratasys, 3D Systems, and General Electric Stock All Just Popped
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DDD
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https://www.nasdaq.com/articles/why-stratasys-3d-systems-and-general-electric-stock-all-just-popped-2020-03-17
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What happened
Industrial bellwether stock General Electric (NYSE: GE), maker of aircraft engines, gas turbines, and medical equipment, joined with new manufacturing economy 3D printing stocks Stratasys (NASDAQ: SSYS) and 3D Systems (NYSE: DDD) in a broad stock market rally Tuesday -- a snapback in response to some of the worst days on the stock market that we've ever seen.
As of 1:40 p.m. EDT, shares of Stratasys had gained 12.3% over Monday's closing prices, 3D Systems was up nearly 9%, and GE had racked up a solid 5% gain.
Image source: Getty Images.
So what
None of the three companies has put out any news of note today to explain the sudden turnaround in their fortunes -- not even giant GE, which is so big you might think it would be putting out press releases of some sort on a daily basis.
Instead, all three stocks seem to be simply getting swept up in today's broad-based rally. Whether the rally continues may depend largely on why it formed in the first place.
Is this, for example, simply a matter of short-sellers closing bearish bets and collecting profits before resuming their selling once more? In that case, today's stock market rally could be followed by a string of new stock market crashes in coming days.
Or are investors warming up to promises of economic stimulus packages heard out of Washington -- bailouts for airlines and airplane makers that might benefit companies like GE (which sells airplane engines), as well as Stratasys and 3D (whose 3D printers can manufacture prototype and replacement parts useful in a variety of industries)? If investors become convinced that despite the coronavirus outbreak, the U.S. will somehow manage to buy its way out of the looming recession by printing government money, then there's at least a faint hope that in the coming days, investors might finally begin to make good some of the savage losses they've incurred over the last few weeks.
At least, a Fool can hope.
10 stocks we like better than General Electric
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and General Electric wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Industrial bellwether stock General Electric (NYSE: GE), maker of aircraft engines, gas turbines, and medical equipment, joined with new manufacturing economy 3D printing stocks Stratasys (NASDAQ: SSYS) and 3D Systems (NYSE: DDD) in a broad stock market rally Tuesday -- a snapback in response to some of the worst days on the stock market that we've ever seen. Is this, for example, simply a matter of short-sellers closing bearish bets and collecting profits before resuming their selling once more? Or are investors warming up to promises of economic stimulus packages heard out of Washington -- bailouts for airlines and airplane makers that might benefit companies like GE (which sells airplane engines), as well as Stratasys and 3D (whose 3D printers can manufacture prototype and replacement parts useful in a variety of industries)?
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What happened Industrial bellwether stock General Electric (NYSE: GE), maker of aircraft engines, gas turbines, and medical equipment, joined with new manufacturing economy 3D printing stocks Stratasys (NASDAQ: SSYS) and 3D Systems (NYSE: DDD) in a broad stock market rally Tuesday -- a snapback in response to some of the worst days on the stock market that we've ever seen. In that case, today's stock market rally could be followed by a string of new stock market crashes in coming days. Or are investors warming up to promises of economic stimulus packages heard out of Washington -- bailouts for airlines and airplane makers that might benefit companies like GE (which sells airplane engines), as well as Stratasys and 3D (whose 3D printers can manufacture prototype and replacement parts useful in a variety of industries)?
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What happened Industrial bellwether stock General Electric (NYSE: GE), maker of aircraft engines, gas turbines, and medical equipment, joined with new manufacturing economy 3D printing stocks Stratasys (NASDAQ: SSYS) and 3D Systems (NYSE: DDD) in a broad stock market rally Tuesday -- a snapback in response to some of the worst days on the stock market that we've ever seen. In that case, today's stock market rally could be followed by a string of new stock market crashes in coming days. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Rich Smith has no position in any of the stocks mentioned.
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What happened Industrial bellwether stock General Electric (NYSE: GE), maker of aircraft engines, gas turbines, and medical equipment, joined with new manufacturing economy 3D printing stocks Stratasys (NASDAQ: SSYS) and 3D Systems (NYSE: DDD) in a broad stock market rally Tuesday -- a snapback in response to some of the worst days on the stock market that we've ever seen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. That's right -- they think these 10 stocks are even better buys.
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5b91248b-9bb0-474a-9fad-6f86b3e6b452
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716761.0
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2020-03-16 00:00:00 UTC
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3D Systems vs. Stratasys: Which Had the Better Q4 Earnings Results?
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DDD
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https://www.nasdaq.com/articles/3d-systems-vs.-stratasys%3A-which-had-the-better-q4-earnings-results-2020-03-16
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nan
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3D Systems and Stratasys have reported fourth-quarter 2019 results, which we're going to compare metric for metric. (3D Systems' results here and Stratasys' here).
Remember, qualitative factors can be just as meaningful as quantitative ones and we're just looking at one quarter. However, even with these caveats, the findings from this exercise should help you make investing decisions in the 3D printing space.
Image source: Getty Images.
Revenue
COMPANY
Q4 2019 RESULT
3D Systems (NYSE: DDD)
$164.6 million, down 8.9% from the year-ago period
Stratasys (NASDAQ: SSYS)
$160.2 million, down 9.5%
Data sources: company earnings reports.
Advantage: Tie.
Both companies experienced sizable year-over-year sales declines in the fourth quarter. These declines were very similar percentage-wise, so I'm calling this category a draw.
Both companies cited a soft global macroeconomic industrial environment as the main culprit for their struggles. In addition, 3D Systems also named two other factors: the delay in factory metals printing shipments and the timing of large enterprise customer orders.
Unfortunately, that weak macroeconomic environment they experienced in Q4 is poised to get much weaker due to the COVID-19 pandemic.
GAAP earnings per share (EPS)
COMPANY
Q4 2019 RESULT
3D Systems
($0.04), flat with ($0.04) in the year-ago period
Stratasys
($0.05), down from $0.12
Data sources: company earnings reports. GAAP = generally accepted accounting principles.
Advantage: 3D Systems.
Both companies had an unprofitable quarter from a GAAP basis, with their results quite similar. 3D Systems gets this win, however, because its results at least held steady, while its rival's results deteriorated considerably from the year-ago quarter.
Adjusted EPS
COMPANY
Q4 2019 RESULT
3D Systems
$0.05, down 50% from $0.10 in the year-ago period
Stratasys
$0.18, down 14% from $0.21
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys takes the gold medal here. Its non-GAAP (adjusted) profit per share declined only slightly from the year-ago period, while 3D Systems' results were cut in half.
Image source: Stratasys.
GAAP gross margin
COMPANY
Q4 2019 RESULT
3D Systems
43.6%, down from 45.7% in the year-ago period but slightly higher than the third quarter's 43.3%
Stratasys
49.1%, flat with the year-ago period but slightly lower than the third quarter's 49.3%
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys comes out on top again. Its GAAP gross margin was 5.5 percentage points higher than 3D Systems'. Moreover, Stratasys' gross margin was flat with the year-ago period's, while 3D Systems' declined.
A higher gross margin relative to a competitor with a similar business profile often reflects stronger pricing power.
Liquidity -- net cash on hand and operating cash flow
COMPANY
Q4 2019 RESULT
3D Systems
$133.7 million in cash and cash equivalents. Generated $21.5 million in cash from operations in the quarter.
Stratasys
$321.8 million in cash and cash equivalents. Used $3.4 million in cash in operations in the quarter.
Data sources: company earnings reports.
Advantage: Tie.
There's no clear winner here. Stratasys has much deeper pockets than 3D Systems, which gives it a big advantage in acquisitions and the ability to weather prolonged tough times. However, 3D Systems generated cash from its operations in the quarter, while Stratasys used up some cash.
On the third quarter'searnings call Stratasys CFO Lilach Payorski explained why the company was using cash in its operations this year. (For full-year 2019, Stratasys used $11.2 million in operations, a relatively small amount relative to its cash hoard.) She said it was "primarily due to proactive steps to increase inventory levels to improve fulfillment time and support product demand as well to prepare for new product launches in 2020."
Research and development spending
COMPANY
Q4 2019 RESULT
3D Systems
$17.1 million, or 10.4% of revenue
Stratasys
$24 million, or 15% of revenue
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys spent significantly more money -- both on an absolute basis and as a percentage of revenue -- on R&D than did its competitor.
R&D spending is an investment. It's particularly important for companies in the technology realm to invest in innovation, or they risk obsolescence.
The winner is... Stratasys
Score: Stratasys: 3; 3D Systems: 1 tie: 2.
Keep in mind the two caveats mentioned at the beginning of this article: Qualitative factors can be as important as quantitative ones, and we only looked at one quarter's results. Moreover, we didn't look at stock valuations.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) $164.6 million, down 8.9% from the year-ago period Stratasys (NASDAQ: SSYS) $160.2 million, down 9.5% Data sources: company earnings reports. In addition, 3D Systems also named two other factors: the delay in factory metals printing shipments and the timing of large enterprise customer orders. Its non-GAAP (adjusted) profit per share declined only slightly from the year-ago period, while 3D Systems' results were cut in half.
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3D Systems (NYSE: DDD) $164.6 million, down 8.9% from the year-ago period Stratasys (NASDAQ: SSYS) $160.2 million, down 9.5% Data sources: company earnings reports. 3D Systems ($0.04), flat with ($0.04) in the year-ago period Stratasys ($0.05), down from $0.12 Data sources: company earnings reports. 3D Systems $17.1 million, or 10.4% of revenue Stratasys $24 million, or 15% of revenue Data sources: company earnings reports.
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3D Systems (NYSE: DDD) $164.6 million, down 8.9% from the year-ago period Stratasys (NASDAQ: SSYS) $160.2 million, down 9.5% Data sources: company earnings reports. 3D Systems 43.6%, down from 45.7% in the year-ago period but slightly higher than the third quarter's 43.3% Stratasys 49.1%, flat with the year-ago period but slightly lower than the third quarter's 49.3% Data sources: company earnings reports. 3D Systems $17.1 million, or 10.4% of revenue Stratasys $24 million, or 15% of revenue Data sources: company earnings reports.
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3D Systems (NYSE: DDD) $164.6 million, down 8.9% from the year-ago period Stratasys (NASDAQ: SSYS) $160.2 million, down 9.5% Data sources: company earnings reports. (3D Systems' results here and Stratasys' here). Both companies had an unprofitable quarter from a GAAP basis, with their results quite similar.
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2bc41e41-32f3-44a1-b950-bae585583803
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716762.0
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2020-03-10 00:00:00 UTC
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Validea Kenneth Fisher Strategy Daily Upgrade Report - 3/10/2020
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DDD
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https://www.nasdaq.com/articles/validea-kenneth-fisher-strategy-daily-upgrade-report-3-10-2020-2020-03-10
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nan
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The following are today's upgrades for Validea's Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins.
PIONEER NATURAL RESOURCES (PXD) is a large-cap value stock in the Oil & Gas - Integrated industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas. The Company's operations include well stimulation and completion activities, such as hydraulic fracturing, and water distribution and disposal activities As of December 31, 2018, the Company owned interests in 11 gas processing plants and two treating facilities. Its Spraberry/Wolfcamp field covered approximately 800,000 gross acres (690,000 net acres).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
JUNIPER NETWORKS, INC. (JNPR) is a mid-cap growth stock in the Communications Equipment industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Juniper Networks, Inc. designs, develops and sells products and services for high-performance networks to enable customers to build networks for their businesses. The Company sells its products in over 100 countries in three geographic regions: Americas; Europe, the Middle East and Africa, and Asia Pacific. The Company sells its high-performance network products and service offerings across routing, switching and security. Its products address network requirements for global service providers, cloud providers, national governments, research and public sector organizations, and other enterprises. The Company offers its customers various services, including technical support, professional services, education and training programs. The Company's Junos Platform enables its customers to expand network software into the application space, and deploy software clients to control delivery. The Junos Platform includes a range of products, such as Junos Operating System (OS) and Junos Space.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
EOG RESOURCES INC (EOG) is a large-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: EOG Resources, Inc. explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People's Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related. As of December 31, 2016, its total estimated net proved reserves were over 2,147 million barrels of oil equivalent (MMBoe), of which over 1178 million barrels (MMBbl) were crude oil and condensate reserves, over 416 MMBbl were natural gas liquids reserves and over 3318 billion cubic feet, or 553 MMBoe, were natural gas reserves. Its operations are focused in the productive basins in the United States with a focus on crude oil and, to a lesser extent, liquids-rich natural gas plays. It has operations offshore Trinidad, in the United Kingdom East Irish Sea, in the China Sichuan Basin and in Canada.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
HELMERICH & PAYNE, INC. (HP) is a mid-cap value stock in the Oil Well Services & Equipment industry. The rating according to our strategy based on Kenneth Fisher changed from 50% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Helmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company's contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology. Its real estate investments are located within Tulsa, Oklahoma, and include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately one million leasable square feet and approximately 210 acres of undeveloped real estate. The Company provides drilling rigs, equipment, personnel and camps on a contract basis. The Company's subsidiaries include Helmerich & Payne International Drilling Co. and Helmerich & Payne de Venezuela, C.A.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: PASS
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
3D SYSTEMS CORPORATION (DDD) is a small-cap value stock in the Computer Peripherals industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: 3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments. Its solutions support applications in a range of industries, including healthcare, aerospace, automotive and durable goods. The Company offers a range of 3D printers, print materials, software, haptic devices, scanners and virtual surgical simulators. The Company offers a range of 3D printing technologies, including Stereolithography (SLA), Selective Laser Sintering (SLS), Direct Metal Printing (DMP), MultiJet Printing (MJP) and ColorJet Printing (CJP). The Company also offers 3D virtual reality simulators and simulator modules for medical applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
HELIX ENERGY SOLUTIONS GROUP INC (HLX) is a small-cap value stock in the Oil Well Services & Equipment industry. The rating according to our strategy based on Kenneth Fisher changed from 50% to 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Helix Energy Solutions Group, Inc. is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities. Its Well Intervention segment includes the Company's vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its Robotics segment includes remotely operated vehicles (ROVs), trenchers and ROVDrills designed to complement offshore construction and well intervention services, and operates chartered ROV support vessels. Its Production Facilities segment includes the Helix Producer I (the HP I), a floating production vessel, the Helix Fast Response System (the HFRS), and its ownership interest in Independence Hub, LLC (Independence Hub).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: PASS
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
EROS INTERNATIONAL PLC (EROS) is a small-cap value stock in the Motion Pictures industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company's principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now. The Company's distribution network extends to over 50 countries, such as the United States, the United Kingdom, the Middle East, Germany, Poland, Russia, Romania, Indonesia and Arabic speaking countries. It conducts global operations through its Indian and international subsidiaries, including Eros International Media Limited.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
BRIGHTCOVE INC (BCOV) is a small-cap value stock in the Computer Services industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Brightcove Inc. is a global provider of cloud-based services for video. The Company's products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others. Video Cloud is an online video platform. Video Cloud enables its customers to publish and distribute video to Internet-connected devices. Zencoder is a cloud-based video encoding service. Once is a cloud-based advertisement insertion and video stitching service. Perform is a cloud-based service for creating and managing video player experiences. Video Marketing Suite is a suite of video technologies designed to address the needs of marketers to drive awareness, engagement and conversion.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
PARSLEY ENERGY INC (PE) is a mid-cap value stock in the Oil & Gas - Integrated industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Parsley Energy, Inc. is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Company's properties are primarily located in the Midland and Delaware Basins, where it focuses on horizontal development drilling and target various stacked pay intervals in the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline) and Atoka shales. As of December 31, 2016, it had an average working interest of 87% in 166 gross (146.7 net) horizontal wells, of which 151 gross (132.4 net) are in the Midland Basin. As of December 31, 2016, the Company operated seven horizontal rigs and three vertical drilling rigs.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CRAFT BREW ALLIANCE INC (BREW) is a small-cap value stock in the Beverages (Alcoholic) industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Craft Brew Alliance, Inc. is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers. The Company's portfolio of brands includes the Kona Brewing Company, Widmer Brothers Brewing, Redhook Brewery, Omission Beer and Square Mile Cider Company brand families, along with partner brands Appalachian Mountain Brewery, Cisco Brewers and Resignation Brewery. Its brews its beers using hops, malted barley, wheat, rye and other natural traditional and nontraditional ingredients.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
ITT INC (ITT) is a mid-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ITT Inc. is a manufacturer of engineered critical components and customized technology solutions for the energy, transportation and industrial markets. The Company operates through four segments. The Industrial Process (IP) segment is an original equipment manufacturer and service provider offering a range of industrial pumps, valves and plant optimization systems and services. The Motion Technologies (MT) segment is a manufacturer of braking pads, shims, shock absorbers, damping, and sealing technologies for the transportation industry, including passenger cars, buses, and rail transportation. The Interconnect Solutions (ICS) segment designs and manufactures engineered connectors and cable assemblies for a range of applications in a range of environments. The Control Technologies (CT) segment manufactures equipment, including actuation, fuel management, noise and energy absorption, and environmental control system components, for the aerospace and defense, and industrial markets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
CLARUS CORP (CLAR) is a small-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Clarus Corporation, formerly Black Diamond, Inc., through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS. It offer a range of products, including apparel, such as jackets, shells, pants and bibs; rock-climbing equipment, such as carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gear; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns, and gloves and mittens. The Company also offers advanced skis, ski poles, ski bindings, ski skins, and ski safety products, including avalanche airbag systems, avalanche transceivers, shovels and probes. The Company's products are sold in North America, Europe, Asia, and the rest of the world in over 50 countries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
TIDEWATER INC. (TDW) is a small-cap growth stock in the Oil Well Services & Equipment industry. The rating according to our strategy based on Kenneth Fisher changed from 40% to 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Tidewater Inc. provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company's North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company's Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: PASS
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
JUMIA TECHNOLOGIES AG - ADR (JMIA) is a small-cap growth stock in the Computer Services industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Jumia Technologies AG is a German-based company specialized in e-commerce. The Company operates an online marketplace for African consumers to buy and sell goods. The Company offers a number of products, which includes dresses, leggings, skirts, polo shirts, belts, watches, sunglasses, health products, beauty products and a range of products for children, among others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: FAIL
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
REVOLVE GROUP LLC (RVLV) is a small-cap growth stock in the Retail (Apparel) industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Revolve Group, Inc., formerly Revolve Group, LLC, is fashion accessories retailing company. The Company provides an online platform, which offers over 45,000 apparel, footwear, accessories and beauty style products from more than 500 emerging, established and owned brands. The Company offers apparels for both men and women in various categories, which include active wear, denims, intimates, jackets and coats, wedding dresses, jumpsuits, loungewear, pants, rompers, shorts, skirts, sweaters and knits, swimwear and tops. The Company offers varieties of shoes, which include boots, booties, flats, heels, mules, sandals, sneakers and wedges. Its beauty and other accessory products include lipsticks, nail polishes, shampoos, conditioners, dry shampoos, hair styling products, moisturizers, eye care products, hats, sunglasses and eyewears, belts, scarves, backpacks, cluthes, travel bags, rings, bracelets and necklaces.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: FAIL
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
PERDOCEO EDUCATION CORP (PRDO) is a small-cap value stock in the Schools industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Perdoceo Education Corporation, formerly Career Education Corporation, through its colleges, institutions and universities, offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning programs. Its American InterContinental University (AIU) and Colorado Technical University (CTU) provide degree programs through the master's or doctoral level as well as associate and bachelor's levels. The Company operates through four segments: CTU, AIU, Culinary Arts and Transitional Group. Its University group consists of AIU and CTU, which serve students online with career-focused degree programs. Its Career Colleges Group consists of Culinary Arts and Transitional Group segments. The Culinary Arts segment includes Le Cordon Bleu institutions in North America (LCB), which offer hands-on educational programs in the career-oriented disciplines of culinary arts and patisserie and baking in the commercial-grade kitchens of Le Cordon Bleu.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PRICE/SALES RATIO: PASS
TOTAL DEBT/EQUITY RATIO: PASS
PRICE/RESEARCH RATIO: PASS
PRICE/SALES RATIO: FAIL
LONG-TERM EPS GROWTH RATE: FAIL
FREE CASH PER SHARE: PASS
THREE YEAR AVERAGE NET PROFIT MARGIN: PASS
For a full detailed analysis using NASDAQ's Guru Analysis tool, click here
Since its inception, Validea's strategy based on Kenneth Fisher has returned 261.46% vs. 176.29% for the S&P 500. For more details on this strategy, click here
About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here 3D SYSTEMS CORPORATION (DDD) is a small-cap value stock in the Computer Peripherals industry. The Company's properties are primarily located in the Midland and Delaware Basins, where it focuses on horizontal development drilling and target various stacked pay intervals in the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline) and Atoka shales. The Company offers apparels for both men and women in various categories, which include active wear, denims, intimates, jackets and coats, wedding dresses, jumpsuits, loungewear, pants, rompers, shorts, skirts, sweaters and knits, swimwear and tops.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here 3D SYSTEMS CORPORATION (DDD) is a small-cap value stock in the Computer Peripherals industry. The Company's products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here 3D SYSTEMS CORPORATION (DDD) is a small-cap value stock in the Computer Peripherals industry. Company Description: Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company's products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.
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For a full detailed analysis using NASDAQ's Guru Analysis tool, click here 3D SYSTEMS CORPORATION (DDD) is a small-cap value stock in the Computer Peripherals industry. The Company operates through four segments. The Company offers a number of products, which includes dresses, leggings, skirts, polo shirts, belts, watches, sunglasses, health products, beauty products and a range of products for children, among others.
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6b43399a-4d02-4ffb-8edc-14c14bf1498e
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716763.0
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2020-03-08 00:00:00 UTC
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Why 3D Printing Stocks Fell As Much As 16% in February
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DDD
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https://www.nasdaq.com/articles/why-3d-printing-stocks-fell-as-much-as-16-in-february-2020-03-08
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What happened
Shares of 3D printing pure plays 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) and 3D printing and conventional manufacturing service provider Proto Labs (NYSE: PRLB) fell 15.9%, 11%, and 15.3%, respectively, in February, according to data from S&P Global Market Intelligence.
For context, the S&P 500 index dropped 8.2% last month. The market's sell-off was driven by concerns that the spread of the novel coronavirus, COVID-19, could curb global economic growth.
In 2020, shares of 3D Systems, Stratasys, and Proto Labs are down 2.9%, 25.9%, and 17.2%, respectively, while the broader market has returned negative 7.7%.
Image source: Getty Images.
So what
We can attribute at least a portion of the three 3D printing stocks' poor performances last month to the weak general market. However, their underperformances were also due to their releases of anemic fourth-quarter 2019 results, disappointing guidance, or both these factors.
Proto Labs
Proto Labs was the first of these three companies to report its quarterly results. After its Feb. 6 release, shares plunged 9.2% and they lost another 4% the next day. The S&P 500 rose 1% over this period.
In the fourth quarter, Proto Labs' revenue slipped 0.8% year over year to $111.9 million, earnings per share (EPS) dropped 21% to $0.56, and adjusted EPS fell 15% to $0.63. Wall Street was looking for adjusted EPS of $0.63 on revenue of $112 million. Both results were in line with expectations. Weaker-than-projected guidance was the culprit behind Proto Labs stock's plunge, as we'll get to in a moment.
Stratasys
Stratasys and 3D Systems reported their quarterly results on the same day, with Stratasys reporting before the market opened on Feb. 26 and its rival following after the closing bell.
Following its earnings release, Stratasys stock fell 4.5% and then another 13.1% the next day, before bouncing back 5.6% on the day after that. As I wrote in my earnings article, "We can attribute the market's reaction ... in part to quarterly revenue and earnings that both fell short of Wall Street consensus estimates, along with 2020 guidance on both the top and bottom lines that came in lighter than analysts had been expecting."
In Q4, Stratasys' revenue fell 9.5% year over year to $160.2 million. It posted a loss per share of $0.05, compared with earnings per share (EPS) of $0.12 in the year-ago period. Adjusted for one-time items, EPS declined 14% to $0.18.
3D Systems
On the two days following its earnings release, 3D Systems stock dropped 10.6%, compared with the S&P 500's decline of 5.2% over this period. The company beat the Q4 consensus estimate on both the top and bottom lines and didn't provide official guidance. So we can't know for sure why the market sent shares tumbling, but it's probably because the company's results were anemic even if they did surpass the Street's expectations. Moreover, investors were probably already feeling more uncertain than usual going into the release because the company had announced earlier in February that CEO Vyomesh Voshi had informed the board of his intention to retire. Joshi is reportedly staying on until his successor is hired.
In the fourth quarter, 3D Systems' revenue fell 8.9% year over year to $164.6 million. It posted a loss per share of $0.04, flat with the year-ago period. Adjusted EPS landed at $0.05, down 50% from the fourth quarter of 2018. Wall Street was looking for adjusted EPS of $0.01 on revenue of $163.7 million.
Now what
For first-quarter 2020, Proto Labs guided for revenue in the range of $111 million to $117 million, representing a decline of 3.6% to an increase of 1.6% year over year. It also expects adjusted EPS of $0.50 to $0.58, representing a decrease of 26% to 15%. Going into earnings, Wall Street had been projecting adjusted EPS of $0.67 on revenue of $115.3 million in the first quarter.
For full-year 2020, Stratasys guided for revenue of $620 million to $680 million, representing a decline of 2.5% to an increase of 6.9% year over year. It also anticipates adjusted EPS of $0.45 to $0.60 per share, representing a decrease of 19.6% to an increase of 7.1%. Going into the release, Wall Street had been modeling for 2020 revenue and adjusted EPS of $662.5 million and $0.63, respectively.
3D Systems didn't release official guidance.
The one common denominator behind all three companies' weak Q4 results? A soft industrial macroeconomic environment in international markets. The coronavirus epidemic is only going to make things worse on this front, so investors should stay away from these (and similar) stocks for now.
The fallout from COVID-19 is going to push the United States and the world into a recession, in my opinion. You should favor recession-resistant stocks.
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*Stock Advisor returns as of December 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D printing pure plays 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) and 3D printing and conventional manufacturing service provider Proto Labs (NYSE: PRLB) fell 15.9%, 11%, and 15.3%, respectively, in February, according to data from S&P Global Market Intelligence. The company beat the Q4 consensus estimate on both the top and bottom lines and didn't provide official guidance. So we can't know for sure why the market sent shares tumbling, but it's probably because the company's results were anemic even if they did surpass the Street's expectations.
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What happened Shares of 3D printing pure plays 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) and 3D printing and conventional manufacturing service provider Proto Labs (NYSE: PRLB) fell 15.9%, 11%, and 15.3%, respectively, in February, according to data from S&P Global Market Intelligence. In the fourth quarter, Proto Labs' revenue slipped 0.8% year over year to $111.9 million, earnings per share (EPS) dropped 21% to $0.56, and adjusted EPS fell 15% to $0.63. As I wrote in my earnings article, "We can attribute the market's reaction ... in part to quarterly revenue and earnings that both fell short of Wall Street consensus estimates, along with 2020 guidance on both the top and bottom lines that came in lighter than analysts had been expecting."
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What happened Shares of 3D printing pure plays 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) and 3D printing and conventional manufacturing service provider Proto Labs (NYSE: PRLB) fell 15.9%, 11%, and 15.3%, respectively, in February, according to data from S&P Global Market Intelligence. In the fourth quarter, Proto Labs' revenue slipped 0.8% year over year to $111.9 million, earnings per share (EPS) dropped 21% to $0.56, and adjusted EPS fell 15% to $0.63. 3D Systems On the two days following its earnings release, 3D Systems stock dropped 10.6%, compared with the S&P 500's decline of 5.2% over this period.
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What happened Shares of 3D printing pure plays 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) and 3D printing and conventional manufacturing service provider Proto Labs (NYSE: PRLB) fell 15.9%, 11%, and 15.3%, respectively, in February, according to data from S&P Global Market Intelligence. Proto Labs Proto Labs was the first of these three companies to report its quarterly results. In the fourth quarter, Proto Labs' revenue slipped 0.8% year over year to $111.9 million, earnings per share (EPS) dropped 21% to $0.56, and adjusted EPS fell 15% to $0.63.
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2020-02-27 00:00:00 UTC
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3D Systems Earnings Beat Expectations; Stock Pops
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https://www.nasdaq.com/articles/3d-systems-earnings-beat-expectations-stock-pops-2020-02-27
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3D Systems (NYSE: DDD) released fourth-quarter and full-year 2019 results after the market closed on Wednesday.
While the results were nothing to cheer about, shares of the 3D printing specialist were up 3.5% in Wednesday's after-hours trading session. We can attribute the market's positive initial reaction to quarterly results that beat Wall Street consensus estimates for both the top and bottom lines.
Here's how the quarter worked out for 3D Systems and its investors.
Image source: Getty Images.
3D Systems' key numbers
METRIC Q4 2019 Q4 2018
CHANGE
Revenue $164.6 million $180.7 million (8.9%)
GAAP operating income ($4.7 million) ($7.0 million) Loss narrowed 33%
GAAP net income ($4.7 million) ($4.1 million) Loss widened 15%
Adjusted net income $5.5 million $11.4 million (52%)
GAAP earnings per share (EPS) ($0.04) ($0.04) --
Adjusted EPS $0.05 $0.10 (50%)
Data source: 3D Systems. GAAP = generally accepted accounting principles.
For the fourth quarter, Wall Street was looking for adjusted EPS of $0.01 on revenue of $163.7 million. So 3D Systems beat both expectations.
For the quarter, GAAP gross margin was 43.6%, down from 45.7% in the year-ago period but slightly higher than last quarter's 43.3%. Adjusted gross margin landed at 43.8%, down from 46.3% in the year-ago quarter and also lower than the third quarter's 44.4%.
During the quarter, 3D Systems generated $21.5 million of cash from operations, up from $6.5 million last quarter, and ended the period with $133.7 million of cash on hand.
"Cash generation was driven by improvements in working capital, including planned reductions of inventory," the company said in the earnings release.
For full-year 2019, revenue fell 8.5% year over year to $629.1 million. GAAP loss widened 49% to $0.61 per share, and the company posted an adjusted loss of $0.08 per share compared to adjusted EPS of $0.15 in 2018.
Segment quarterly results
SEGMENT Q4 2019 REVENUE CHANGE (YOY)
Product $104.0 million (8%)
Service $60.6 million (10.4%)
Total $164.6 million (8.9%)
Data source: 3D Systems. YOY = year over year.
Here's how key categories performed:
3D printers (within product): Revenue dropped 22.8% year over year to $33.6 million.
Healthcare solutions: Revenue fell 5.9% to $54.9 million. (This category spans both segments and overlaps other categories.)
Materials (within product): Revenue rose 7.3% to $45.0 million.
Software (within product): Revenue declined 10.2% to $25.8 million.
On-demand part manufacturing (within service): Revenue fell 17.2% to $23.0 million.
The quarterly decline in 3D printer revenue was driven by "the delay in factory metals printing shipments, timing of large enterprise customer orders, and the softer macro industrial environment," the company said in the earnings release. As for the factory metals situation: The company paused the shipping of these products a few quarters ago because it experienced some quality issues.
For context, last quarter, 3D printer revenue dropped 17.2% year over year, healthcare revenue rose 6.3%, materials revenue edged up 2.8%, software revenue was flat with the year-ago period, and on-demand manufacturing revenue declined 12%. So the year-over-year performances of all the categories except for materials worsened from the third quarter.
What management had to say
Here's what CEO Vyomesh Joshi had to say in the earnings release:
In 2019 we demonstrated how our digital manufacturing strategy has come alive, with customers realizing the benefits of our production solutions across a range of industries and creating over 200 million production parts using 3D Systems' solutions. Despite macroeconomic headwinds, I'm pleased with the growth in materials in the second half and our continued focus on cost structure. Now in 2020 we believe we have the right products and solutions, including our planned shipment of factory metals printers in the second quarter, to accelerate the adoption of additive manufacturing technology and drive profitable revenue growth.
Looking ahead
3D Systems capped off a weak year with a pretty weak quarter. The only notable bright spot in the fourth quarter was that materials revenue grew 7.3% year over year. Growth in this category particularly helps the bottom line because materials have high profit margins. In addition --- while I'd not go as far as calling this a bright spot -- it was a positive that Q4 revenue increased 6% sequentially, or from the third quarter.
Investors should know that Joshi notified the board of directors earlier this month that he has decided to retire. He will continue in his roles as president, CEO, and board member until a successor is selected.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
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See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) released fourth-quarter and full-year 2019 results after the market closed on Wednesday. We can attribute the market's positive initial reaction to quarterly results that beat Wall Street consensus estimates for both the top and bottom lines. The quarterly decline in 3D printer revenue was driven by "the delay in factory metals printing shipments, timing of large enterprise customer orders, and the softer macro industrial environment," the company said in the earnings release.
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3D Systems (NYSE: DDD) released fourth-quarter and full-year 2019 results after the market closed on Wednesday. Revenue $164.6 million $180.7 million (8.9%) GAAP operating income ($4.7 million) ($7.0 million) Loss narrowed 33% GAAP net income ($4.7 million) ($4.1 million) Loss widened 15% Adjusted net income $5.5 million $11.4 million (52%) GAAP earnings per share (EPS) ($0.04) ($0.04) -- Adjusted EPS $0.05 $0.10 (50%) Data source: 3D Systems. Here's how key categories performed: 3D printers (within product): Revenue dropped 22.8% year over year to $33.6 million.
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3D Systems (NYSE: DDD) released fourth-quarter and full-year 2019 results after the market closed on Wednesday. Revenue $164.6 million $180.7 million (8.9%) GAAP operating income ($4.7 million) ($7.0 million) Loss narrowed 33% GAAP net income ($4.7 million) ($4.1 million) Loss widened 15% Adjusted net income $5.5 million $11.4 million (52%) GAAP earnings per share (EPS) ($0.04) ($0.04) -- Adjusted EPS $0.05 $0.10 (50%) Data source: 3D Systems. During the quarter, 3D Systems generated $21.5 million of cash from operations, up from $6.5 million last quarter, and ended the period with $133.7 million of cash on hand.
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3D Systems (NYSE: DDD) released fourth-quarter and full-year 2019 results after the market closed on Wednesday. Here's how key categories performed: 3D printers (within product): Revenue dropped 22.8% year over year to $33.6 million. Now in 2020 we believe we have the right products and solutions, including our planned shipment of factory metals printers in the second quarter, to accelerate the adoption of additive manufacturing technology and drive profitable revenue growth.
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2020-02-26 00:00:00 UTC
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3D Systems Corp (DDD) Q4 2019 Earnings Call Transcript
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https://www.nasdaq.com/articles/3d-systems-corp-ddd-q4-2019-earnings-call-transcript-2020-02-27
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Image source: The Motley Fool.
3D Systems Corp (NYSE: DDD)
Q4 2019 Earnings Call
Feb 26, 2020, 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Greetings and welcome to the 3D Systems Conference Call to discuss the results of Fourth Quarter and Full Year 2019. My name is Kevin and I'll facilitate the audio portion of today's interactive broadcast. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded. It's now my pleasure to introduce your host, Melanie Solomon, Investor Relations. Please go ahead.
Melanie Solomon -- Investor Relations
Good afternoon and welcome to 3D Systems Conference Call. With me on the call are Vyomesh Joshi, our President and Chief Executive Officer; Todd Booth, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer. The webcast portion of this call contains a slide presentation that we will refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website. Participants who would like to ask questions at the end of the session related to matters discussed in this conference call should call in using the number provided on this slide and in the press release that we issued today. For those who have accessed the streaming portion of the webcast, please be aware that there may be a few seconds delay and that you will not be able to post questions via the web.
The following discussion and responses to your questions reflect management's views as of today only and will include forward-looking statements as described on this slide. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and our filings with the SEC, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q. During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our Investor Relations website, you will find additional disclosures regarding these non-GAAP measures including reconciliations of these measures with comparable GAAP measures. Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2018. Now, I'm pleased to turn the call over to Vyomesh Joshi, our CEO. VJ?
Vyomesh I. Joshi -- President and Chief Executive Officer
Thanks, Melanie. Good afternoon everyone. In 2016, I shared my vision and strategy for how 3D Systems would make 3D production real. It would require customer collaboration and innovation with experience and expertise of our people as driving force. We demonstrated last fall at Formnext in Germany how our digital manufacturing solution strategy has come alive with customers realizing the benefits of our production solutions across a range of industries including healthcare, dental, aerospace, automotive, and durable goods. Our company has a unique ability to architect solutions specific to customers needs through a combination of breakthrough materials, hardware platforms, software and professional services creating a path forward to integrating additive into traditional production environments. As a result, manufacturers are able to achieve design freedom, increased agility, scale production, and improve overall total cost of operations. Our customers are accelerating adoption of additive manufacturing and that journey to moving from no experience to using additive manufacturing as a sustainable competitive advantage is where 3D Systems can help.
Over the last three years, there has been a sharp increase in using additive manufacturing for functional parts. According to E&Y global report, 18% of companies are using additive manufacturing in serial production. So, we are crossing the chasm. We partner with our customers to help them progress through their additive manufacturing journey and accelerate the adoption of additive within their existing production environments. This process begins with the customer's application in mind, designing the best possible solution to achieve their needs and successfully address challenges. Customers are encouraged to begin their additive manufacturing journey by engaging with one of our customer innovation centers. There, a customized production workflow solution will be designed to accelerate the development of advanced applications by providing customers with access to solutions, domain expertise, and state-of-the-art technology. We have been working closely with our customers to find the right production workflows and last year, more than 200 million production parts were produced by our customers using 3D Systems solutions.
Turning to the highlights of 2019, with a commitment to operational excellence, we have been keenly focused on cost structure and cash flow. In 2019, we lowered the operating expenses by 9% driven by cost cutting and improving efficiencies across the organization. We expanded our relationship with Sanmina to include most of our plastic printer manufacturing on top of the existing arrangement for Figure 4 production, which provides us variable cost model while ensuring world-class manufacturing proficiency. We generated $21.5 million of cash from operations in the fourth quarter of 2019 as a result of improvements in working capital including planned inventory reductions. We have stabilized the company and strengthened the foundation on which to scale and grow. We introduced 14 new production materials in 2019 and we now have over 130 3D printing materials available. I'm very pleased that in the second half of 2019, we returned to growth in materials. Our healthcare business is strong and excluding our major enterprise customer, healthcare grew 10% in 2019.
Now, turning briefly to the fourth quarter results. Total revenue in the fourth quarter was $164.6 million reflecting a decrease of 9%. Materials grew 7% over the same quarter last year. GAAP gross profit margin was 43.6% and non-GAAP gross profit margin was 43.8%. We reported GAAP loss of $0.04 per share and non-GAAP earnings of $0.05 per share. In 2020, we are poised to grow profitably. Metals will be a growth opportunity in 2020 and we are on track to begin shipping factory metal platforms in April. Healthcare continues to be an important area of focus for the company and we expect medical device manufacturing, medical simulators, and professional services in our healthcare business to continue to grow in 2020. We have incredible software assets and with our new product introductions and go-to-market enhancements, we will start growing software in 2020. We remain focused on profitability and cash generation. We have built a foundation on which to scale and grow and we are structuring the company to be lean and profitable. Todd will now provide more details on our results for the fourth quarter of 2019. Todd?
Todd Booth -- Executive Vice President, Chief Financial Officer
Thanks, VJ. Good afternoon everyone. For the fourth quarter, we reported GAAP revenue of $164.6 million, a decrease of 8.9% compared to the fourth quarter of 2018 and a 7.3% decrease when excluding the entertainment business. GAAP gross profit margin was 43.6% compared to 45.7% in the fourth quarter of 2018. GAAP operating expenses decreased 14.6% to $76.5 million. We reported a GAAP loss of $0.04 per share in the fourth quarter of 2019, the same as in the fourth quarter 2018. We reported non-GAAP earnings of $0.05 per share in the fourth quarter of 2019 compared to earnings of $0.10 per share in the fourth quarter of 2018. Printer revenue decreased 22.8% to $33.6 million due to the delay in factory metals printing shipments, the ordering patterns of a large enterprise customer, and the softer macro industrial environment. Materials revenue increased 7.3% to $45 million in the fourth quarter. Healthcare revenue decreased 5.9% to $54.9 million. On demand manufacturing revenue decreased 17.2% to $23 million in the quarter attributable to the decline in the manufacturing activity and the impact to the pipeline from the now resolved government suspension. Software revenue decreased 10.2% to $25.8 million in the fourth quarter primarily due to weakness in the European automotive market and overall industrial manufacturing.
In the first quarter of 2020, we are expecting a typical seasonal decline further impacted by the coronavirus outbreak in China. We reported GAAP gross profit margin of 43.6% in the fourth quarter of 2019. Non-GAAP gross profit margin in the fourth quarter of 2019 was 43.8%. The results were impacted by factory utilization, mix, and inventory adjustments. We expect gross profit margins to remain in the mid-40s range in 2020. GAAP operating expenses for the quarter were $76.5 million, a decrease of 14.6% compared to the fourth quarter of 2018 including a 10.3% decrease in SG&A expenses and a 27.2% decrease in R&D expenses. Non-GAAP operating expenses in the fourth quarter were $66.4 million, a 12.3% decrease from the fourth quarter of the prior year and a 4.2% decrease sequentially. Compared to the 2018 quarter, non-GAAP SG&A expenses decreased 5.7% to $49.2 million, non-GAAP R&D expenses decreased 27.2% to $17.1 million. Non-GAAP operating expenses decreased due to continued focus on reducing cost structure and favorable timing of customer funded research and development. We ended the quarter with $133.7 million of unrestricted cash. We generated $21.5 million in cash from operations and paid down debt by $10.8 million during the fourth quarter. Working capital performance improved sequentially as we reduced inventory by $11.6 million to $111.1 million. While cash use and generation will continue to fluctuate period-to-period, we are very pleased with the cash results for the fourth quarter. With that, I'll turn the call back to VJ. VJ?
Vyomesh I. Joshi -- President and Chief Executive Officer
Thank you, Todd. Before we begin Q&A, I want to make a comment about my planned retirement. I joined 3D Systems four years ago and have worked with the team to improve our product portfolio, business processes, cost structure and culture. We made a lot of progress on quality and reliability and our net promoter score improved to 65. We have executed a digital manufacturing solution strategy encompassing the whole portfolio and our customer engagement model including our customer innovation center is guiding our customers through the journey of additive manufacturing with 3D Systems. I feel confident now that we have the right products in place with the right team to execute our growth strategy. I'm committed to working with the Board to find an appropriate successor and will remain involved in the transition. I will take this opportunity to thank all our employees and customers for their loyalty and dedication as we work through the recent turnaround at 3D Systems. I continue to believe that our focus on our innovative production solutions including hardware platforms, materials software and professional services will drive profitable revenue growth in 2020. And with that, we will now open the floor for questions. Operator?
Questions and Answers:
Operator
[Operator Instructions] Our first question today is coming from Greg Palm from Craig-Hallum Capital Group. Your line is now live.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
VJ, Todd, good afternoon. Congrats on the nice end to the year here.
Vyomesh I. Joshi -- President and Chief Executive Officer
Great, great. Yeah, now we feel good about especially, you know, our earnings per share performance and the cash that we have -- the operating cash that we did, $21.5 million. Go ahead, ask the question.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Yeah, it was good. I mean I guess I'll start with you VJ. Any way to detail out some of these headwinds you saw in 2019 on the top line, you know, whether that was the lack of metals shipments, the export compliance, lower system shipments in your enterprise customer. You seem pretty confident in the ability to return to growth this year companywide. So I'm just trying to get a sense for what were the company specific headwinds you faced last year?
Vyomesh I. Joshi -- President and Chief Executive Officer
So I think you talked about all three. So, the first is of course the metals. We had to delay shipments to the second quarter of 2020 and I think as we talked about, you know, we are very confident now that we will start shipping in April. The second one was the enterprise customer. They were building the factory in China. They had really asked for a lot of hardware shipments in 2018, which was not the same level in 2019. So that was the second one. So, now having that behind us, we should be able to now looking at the real growth in our plastics printers also that will be happening in 2020. The third thing is the whole export compliance issue, not only impacted our ODM business but lot of our businesses, especially with the suspension. That's behind us and we should be able to start growing the ODM business with right kind of a focus on the go-to-market that we are having on the ODM business. It is going to be a third very important part. The last one is software, we had lot of headwinds in 2019 in the software business because of the automotive segment in Europe and the overall industrial manufacturing segment was down. So, getting that software now on the growth path with our new product introductions and we have now focused go-to-market under Wayne Davey for healthcare and software will also make a big difference in 2020.
The other important thing that I want to state is our healthcare business, as I talked about, if you take the enterprise customer out in 2019, grew 10% and we will continue to grow our medical device manufacturing business, our simulator business and our Virtual Surgical Planning business. So I feel very good about that some of the headwinds are not going to be there in 2019. Of course, we need to be really prudent and making sure that we continue to focus on our production workflows, the new materials that we introduce with our Figure 4 should also help us and other headwinds like coronavirus. I think we need to pay attention to it, but we believe that we are really very well set up for profitable growth in 2020.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Good to hear. Do you have a backlog number for the metals portfolio? I know at one point you had talked about a delay and I think $8 million was the number you gave several quarters ago, but what's the backlog and should we assume that you get a big level of shipments right away in Q2 or will that sort of ramp as the year goes on?
Vyomesh I. Joshi -- President and Chief Executive Officer
So it will ramp, but clearly, in Q2, we'll start shipping both factory Factory 350 and Factory 500 and the great thing about this is our customers are patient and we were very open with them that we have this issue that we need to solve before we start shipping. So I'm very encouraged by our customers' responses and I absolutely believe we will start ramping starting in Q2, but those three quarters will be very important for the growth. We are not giving any exact number, but it will be a significant growth in 2020.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Okay, makes sense. I guess last one and I'll hop back here. You mentioned kind of the typical I don't know if it was you or Todd that mentioned the typical seasonal decline expected from December to March quarters that's range. I mean if I go back and look over the last five years anywhere from 6% to 20%. So what in your mind is a normal seasonal decline from the December to March quarter [Phonetic] and I guess --
Vyomesh I. Joshi -- President and Chief Executive Officer
Yes, we don't expect 20%, but I think normal would be as you said 6% to 7%, but you know, we don't want to give exact number because we also need to really understand the impact of coronavirus and that impact probably will happen in three ways. First one, our ODM factory in China, we are not able to operate that. The other thing is we need to really pay attention to the supply chain and some of the product shipments that we have to do in China and other places where we may have a impact because of the supply chain and the third impact, our customers who buy a lot of materials. They will also have an impact because of the coronavirus and I think we need to really understand that. For now, it's not material, but we just want to make sure that we pay attention to that.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
So maybe 6% to 7% but build in a little extra conservatism given everything that's going on out there?
Vyomesh I. Joshi -- President and Chief Executive Officer
That's right.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Got it, OK. Thanks for the help. Good luck.
Vyomesh I. Joshi -- President and Chief Executive Officer
Thank you.
Todd Booth -- Executive Vice President, Chief Financial Officer
Thanks, Greg.
Operator
Thank you. Our next question today is coming from Jim Ricchiuti from Needham & Company. Your line is now live.
Jim Ricchiuti -- Needham & Company -- Analyst
Good afternoon. VJ, congratulations on the progress you've made at the company the last couple of years. Question is for you. Just wondering, you gave a good breakout for the healthcare business excluding the enterprise customer for 2019. What was it in Q4? What kind of -- how did the business in the healthcare area shape excluding that customer.
Vyomesh I. Joshi -- President and Chief Executive Officer
So in Q4, if you take the enterprise customer, it's sort of a decline of 6.9%, we were at 4% kind of decline, but if you take the other printer hardware, we actually grew the business close to 13% in Q4. So the thing that I talked about, the medical device manufacturing, the medical simulator business, and the Virtual Surgical Planning at our growth engine in the healthcare and I think we absolutely believe we will continue having that kind of a growth in 2020 and better.
Jim Ricchiuti -- Needham & Company -- Analyst
Got it. That's helpful. And just on the opex side, you guys have really done a nice job controlling opex. I was surprised to see the decline in R&D. How should we think about -- maybe this is a question for you, Todd, how should we think about opex looking out to Q1. Is there anything unusual in that R&D line in Q4 or is that kind of a basis --
Todd Booth -- Executive Vice President, Chief Financial Officer
So the way to look at in Q4, we did have some favorable timing. Without the favorable timing, you would look at a 17% decrease and we feel our cost structure is in place. So you should look at that going forward.
Vyomesh I. Joshi -- President and Chief Executive Officer
So I just think that the most important thing is we are taking R&D down, we're taking the SG&A down, but not that significantly. I think we must invest in innovation. That's very important to us, but I think we got this specific payment that we got and the timing of that in Q4. So I do believe we have done a very good job in our cost structure, but I think we need to really have a right balanced approach, making sure that we invest in innovation.
Jim Ricchiuti -- Needham & Company -- Analyst
Got it and last question for me is, you gave some color on how we should think about the metals opportunity this year. I'm wondering about the overall new product cadence and how you see that unfolding over the the first couple of quarters of 2020? Thanks.
Vyomesh I. Joshi -- President and Chief Executive Officer
So I think the new products, you know, so our dental business is doing extremely well and we have been talking about that for the last 15 months. We had a big show last week in Chicago and we introduced some new software technology with which you will be able to do stacked printing and we got incredible positive response from the show. So I do believe the dental is definitely a growth opportunity for 2020. The new materials that we introduced in fall of 2019, we are getting a lot of great traction and we are finding our stand-alone and the modular industrial Figure 4 now will also have momentum in the coming quarters. So, metals, we talked about, we talked about the plastics with Figure 4 with the new materials and dental, the other very important part is our software portfolio. We had a very good upgrade in our Control X inspection software. We have a very good product with our Design X product. The other very important thing is our Cimatron and GibbsCAM, we should be able to start also growing in 2020. And the last thing is, with our metals growth, you're going to see lot of growth in our 3DXpert, which is a real very innovative product on the metals side. So I believe all these new product introductions we have done in last six months to nine months should also help us in growing our revenue in 2020.
Jim Ricchiuti -- Needham & Company -- Analyst
Got it. Thanks again.
Vyomesh I. Joshi -- President and Chief Executive Officer
Thanks, Jim.
Operator
Thank you. Our next question is coming from Brian Drab from William Blair. Your line is now live.
Brian Drab -- William Blair -- Analyst
Thank you. Hi everyone, Hi VJ. So, can you repeat what you said. I'm sorry, just on the research and development, there was a payment from a customer or is this a payment in the fourth quarter and how large was that and what do you expect R&D to be going forward?
Vyomesh I. Joshi -- President and Chief Executive Officer
I think Todd talked about it. Right now we are showing 27% decline in R&D year-over-year and the payment was such that if you exclude that, it would be 17% decline in R&D.
Brian Drab -- William Blair -- Analyst
I guess, said another way, I mean our R&D has been $20 million to $21 million for the previous three quarters -- I guess $20 million to $22 million, is that kind of the run rate still going forward?
Vyomesh I. Joshi -- President and Chief Executive Officer
Yes, yes. We must innovate, you know. I don't think that we are trying to really have a short-term approach to this. We got to innovate, we got to make sure that we have a golden opportunity, continue to innovate in materials, software, healthcare, and you know we need to also upgrade our platforms. So I absolutely believe that we have the right balance now and we just need to make sure that we innovate.
Brian Drab -- William Blair -- Analyst
Okay, thanks. And then for the balance of the SG&A outside of R&D, I mean I guess you've been through the whole budgeting process at this point and you know if you're planning if SG&A dollars should be higher or lower than 2019 or flat. I mean is it higher or lower or flat?
Vyomesh I. Joshi -- President and Chief Executive Officer
Yeah, I think we got to invest now, our metal platforms, we start shipping in second quarter. We got to really go after that opportunity, it is a huge opportunity. We also need to make sure that our healthcare and software, we put a focused go-to-market organization under Wayne Davey's leadership. I want to make sure that that's a high margin business for us that we look at the opportunity in making that happen. So I think you could think about -- I think we got the right kind of a cost structure. What we need to do now is to get the revenue uplift and using that revenue uplift, I think we should be able to get the right kind of a business model in our mind and we feel that as a percentage of revenue, we need to make sure we look at appropriately the cost structure. Todd, you want to make any comment?
Todd Booth -- Executive Vice President, Chief Financial Officer
I agree as well. We've taken a lot of cost out as you see from '18 and '19. So we put the cost [Phonetic] structure in place but we invest and grow.
Brian Drab -- William Blair -- Analyst
Does that mean up? I'm sorry just to put a finer point on it, up or flat?
Todd Booth -- Executive Vice President, Chief Financial Officer
As a percentage of revenue, no, it will not be up.
Brian Drab -- William Blair -- Analyst
In dollars? I'm sorry, dollars.
Todd Booth -- Executive Vice President, Chief Financial Officer
Dollars will depend on the growth.
Vyomesh I. Joshi -- President and Chief Executive Officer
It will be up, yeah.
Brian Drab -- William Blair -- Analyst
Okay. Did you just say it will be up, VJ? Sorry.
Vyomesh I. Joshi -- President and Chief Executive Officer
What we said was, as a percentage of revenue, will be flat. If the revenue is going to grow, will be slight up.
Brian Drab -- William Blair -- Analyst
Okay, thanks. I'll get back in line. Thank you very much.
Vyomesh I. Joshi -- President and Chief Executive Officer
Thank you.
Operator
Thank you. Our next question is coming from Ananda Baruah from Loop Capital Markets. Your line is now live.
Ananda Baruah -- Loop Capital Markets -- Analyst
Hi, good afternoon guys. I appreciate you taking the questions. A couple if I could, VJ, could you just I guess talk a little bit more about the demand environment, it sounds like stable with sort of some beginning impact from coronavirus that's still challenging to dimension, but is that accurate and then I have a couple of follow-ups?
Vyomesh I. Joshi -- President and Chief Executive Officer
No, I think the demand environment as in '19 with all the manufacturing slowdown and the industrial, you know, is still continuing. I wouldn't say that it's stable, but it is similar to what we saw in '19. So I just want to be clear. What I was answering the question because that reflected in our Q4 revenue, right? So based on that if you think about in Q1, what are the other than headwinds, that's what I was talking about coronavirus. So I just want to be clear and there is no confusion on that, but we think that because of our innovation work that we have done and now getting our metal printers and the growth drivers that I talked about, I'm very confident that we will grow our revenue in 2020.
Ananda Baruah -- Loop Capital Markets -- Analyst
And as far as corona is concerned, you mentioned a couple of things, ODM factory in China and some of the supply chain stuff, but wanted to wait to see how that all plays out. Is there any more context you can provide at least --
Vyomesh I. Joshi -- President and Chief Executive Officer
No, I think we are in the same place with everybody else. We are all trying to figure out how -- today, if you ask me, it's not material, but, you know, things could change and I just don't want to predict anything. I just want to make sure I give you the current assessment of what we have.
Ananda Baruah -- Loop Capital Markets -- Analyst
Okay and then last one for me, just with regard to software growth. So it sounds like you're saying that the new products that have been introduced and then that will be introduced including metals themselves will pull software forward and provide [Speech Overlap] --
Vyomesh I. Joshi -- President and Chief Executive Officer
And the go-to-market enhancements we have done, we have put focused go-to-market organization. I think that's a very important part because you know we are engaging with the software channel. We are making sure that we have all that new introductions, we can get the awareness up, we can get the lead generation up. We have made a lot of investments in making sure to drive the pipeline because it's not just about the renewing the maintenance contract. We want to hunt for new opportunities in software and I think that's where our focus is.
Ananda Baruah -- Loop Capital Markets -- Analyst
Got it. That's really helpful. And then I guess just in that regard, can you just refresh our memory -- at least refresh my memory on which of the software modules that you mentioned, which of those are newer or have been refreshed such that the [Speech Overlap].
Vyomesh I. Joshi -- President and Chief Executive Officer
Our automotive software portfolio is refreshed, but I'm very excited about our Control X, the inspection software. I'm very excited about our 3DXpert software, which goes with metal business and then the core subtractive software with Cimatron and GibbsCAM, we are also seeing a good traction. So I really think that we have opportunity in Control X, Design X, 3DXpert, so all of our product portfolio. I think the important thing over here was more innovation and then having that focus go-to-market to drive the new licenses.
Ananda Baruah -- Loop Capital Markets -- Analyst
That's really helpful. I appreciate it. Thanks so much VJ.
Vyomesh I. Joshi -- President and Chief Executive Officer
Thank you.
Operator
Thank you. Our next question today is coming from Troy Jensen from Piper Jaffray. Your line is now live.
Troy Jensen -- Piper Jaffray -- Analyst
Good evening, good afternoon gentlemen. VJ, good luck in the future here. A quick question for you, VJ, I mean in your prepared remarks, you were pretty bullish on just seeing an acceleration in adoption here, but if you look at kind of product growth and kind of revenues, we haven't really seen systems growth for you guys with respect to sales I'm speaking specifically about, so can you just talk about, you know, is it competition, is it ASP erosion. When do you really think we're going to start to see an acceleration in systems growth for your business?
Vyomesh I. Joshi -- President and Chief Executive Officer
Yeah, so I think the first one in my view is metals because we have a very good platform, especially for production workflows. So if you look at our healthcare business, our 350 platform is very, very much in the center of a lot of medical device manufacturers growth plan and with the addition of powder management unit and automation of material handling, we think that we should be able to drive lot of growth especially in the healthcare business. With our Factory 500, aerospace and defense is a very important segment for us and here we are really seeing lot of traction from a pipeline one of view. So I do believe that we should be able to get this big system. These are multi-million dollar systems that we should be able to find traction after the second quarter as I said in my remarks there. So that's for the metals. And then as I said, the associated software for the metals will be a very important for the growth opportunity. The second one, I do believe our Figure 4 with our new production materials, we are getting a much healthier pipeline on both for our stand-alone and our modular and then on the dental business you still continue to grow. So I think that's what we will be able to drive. The last part is our SLA machines, our 800 continues to be a star and that's a high ASP machine, which is very important for us. So I think what you will see high ASP machines like the metal platforms, the 800 platform and then mid-range of the Figure 4 will be the way you have to think about our growth with systems. Now clearly, you know, the market has slowed down and hyper competition is there. So I'm not trying to tell you that it's going to be the growth that we used to see maybe three, four years ago, but I do believe we are set up well for 2020 with the product that I talked about.
Troy Jensen -- Piper Jaffray -- Analyst
Okay. VJ and a follow-up on metals and there is a quarter last year I think Q1 or Q2 where you said there was an $8 million metal order that you weren't able to recognize because of the material delivery platform. Is that still in the pipeline. Is that something that ships in Q2 that's given you confidence?
Vyomesh I. Joshi -- President and Chief Executive Officer
It's not all of it, but it will start shipping in Q2 and then we feel very good about the growth that you're going to see in the metals, yes.
Troy Jensen -- Piper Jaffray -- Analyst
Okay, all right. Well, good luck.
Vyomesh I. Joshi -- President and Chief Executive Officer
Thank you.
Operator
Thank you. Our next question today is coming from Paul Coster from JPMorgan. Your line is now live.
Vyomesh I. Joshi -- President and Chief Executive Officer
Hey, Paul.
Paul Chung -- JPMorgan -- Analyst
Hey, guys, it's Paul Chung on for Coster. Thanks for taking our questions. So, if you could kind of expand on the strength of materials this quarter and then do you see some kind of nice momentum for the next couple of quarters there and then as we think about the metals printer shipments in 2Q, what impact do you see on the materials line more so in the second half of 2020?
Vyomesh I. Joshi -- President and Chief Executive Officer
So first of all materials growth will not be connected to the metal printers, because you know, our business model is very different on the metals side. In metal side, it's all about the services and support and the software. I just want to be clear. So I don't see a uplift in materials growth because of our metal shipments in 2020. The second thing that I want to talk about is, and I have talked about the materials growth will come back in second half of '19. We grew 3% in third quarter and then we grew 7.3% in Q4 and the main -- there are three main reasons for that. First one that we talked about the installed base growth, and if you remember, we were declining materials revenue in first half of '19 because our legacy materials were declining and we were not getting the uplift from the new products and the new materials and then all the installed base growth that we had. So that has crossed over starting in second half of 2019. So the material growth is coming from the dental, material growth is coming from our enterprise customer because they are continuing to really grow their business, it's coming from the core production workflows like the jewelry, which is a very important segment for us and we need to really be looking at growth coming in 2020, but that will be lumpy because in some quarters, our enterprise customer may order certain value of the materials and then on some -- so I just want to make sure, but I think my view was that whole decline in materials, we should be able to start seeing positive side of the materials growth in 2020.
Paul Chung -- JPMorgan -- Analyst
Got you and then on free cash flow. What should we expect for kind of your capex levels in '20 and your kind of expectations from cash from operations. Can you kind of build off the strength in 2020 [Speech Overlap].
Todd Booth -- Executive Vice President, Chief Financial Officer
So on capex, we had $24 million during 2019. For 2020, it will be up a little bit, but most of our investment in the medical devices and then from a cash generated from operations, we see positive for the full year.
Paul Chung -- JPMorgan -- Analyst
Okay. So the working cap benefits not really temporary, it's kind of a structural change.
Todd Booth -- Executive Vice President, Chief Financial Officer
The working capital levels we're currently at, we feel we're at the right level. So you're not -- it's going to be generating cash from operations going forward.
Vyomesh I. Joshi -- President and Chief Executive Officer
Yeah, I think it's not a one-time thing, it's a structural thing. The other thing that's very important. We talked about manufacturing outsourcing that we did. We are very happy with Sanmina who we chose as our manufacturing partner. Most of the plastics are now have moved to Sanmina. The transition is going well, because we want to focus on what we are very good at or if there is something which we believe is strategic as for example, materials manufacturing is very strategic for the company and we are going to continue to manufacture ourselves. The places where we have partners who are going to be world-class, we want to really make sure we do the right kind of balance and that will help us also in managing overall how we would look at our supply chain.
Paul Chung -- JPMorgan -- Analyst
Thanks and then last question, it sounds like you have some visibility for your metals printer shipments in 2Q, when can we kind of expect some full year guidance when are you going to start to reinstitute that? Thank you very much.
Vyomesh I. Joshi -- President and Chief Executive Officer
We are not going to give any guidance, we are going to directionally, tell you how we look at our business and we just, we feel that in this uncertain environment, we just need to make sure we focus on execution and we focus on the revenue growth.
Paul Chung -- JPMorgan -- Analyst
Appreciate it. Thank you.
Operator
Thank you. Our next question is a follow-up from Brian Drab from William Blair. Your line is now live.
Brian Drab -- William Blair -- Analyst
Hi, thanks. Just quickly, I'm trying to model gross margin for 2020 and you had about 46% gross margin for the first three quarters of 2019 and then 44% in the fourth quarter despite good material sales. So I mean are we kind of going to be below 45%, above 45%, any thoughts on that?
Todd Booth -- Executive Vice President, Chief Financial Officer
What we give is mid-40s.
Brian Drab -- William Blair -- Analyst
So 44% to 46%, OK.
Vyomesh I. Joshi -- President and Chief Executive Officer
So I think Brian, the main thing for Q4 was we had to look at the inventory adjustments that we had to do because of the -- you know, so I think that was the reason. I do believe that for 2020 mid-40s is the right kind of gross margin.
Todd Booth -- Executive Vice President, Chief Financial Officer
And one thing on the inventory adjustments, we have brought down the inventory a lot in 2019. So when you do that, some of it you take to [Phonetic] some expense.
Brian Drab -- William Blair -- Analyst
I got it. Okay, thanks very much.
Operator
Thank you. Our next question is a follow-up from Greg Palm from Craig-Hallum Capital Group. Your line is now live.
Vyomesh I. Joshi -- President and Chief Executive Officer
Go ahead, Greg.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Thanks. Just two quick follow-ups. VJ in terms of thoughts on your eventual replacement here, I mean what sort of qualities do you think the Board will be looking for really to bring the company to the next stage?
Vyomesh I. Joshi -- President and Chief Executive Officer
So I think we have had, Spencer Stuart, a world-class firm and we are looking at both internal and external candidates and I think we are a technology company and we must -- to make sure that we will continue to innovate and drive the profitable growth.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Okay, fair enough and I guess, Todd, one for you, you've been with the company for almost six months now. I guess any more commentary on what you believe are both kind of near and long-term opportunities for the company and maybe what makes you excited here?
Todd Booth -- Executive Vice President, Chief Financial Officer
Well, I'll point back to Formnext, being there with VJ, he showed me around, our products, our digital solutions, I'm extremely excited about the future of this company and VJ has been a great mentor in my first six months here.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Sounds good. All right, thanks.
Operator
Thank you. We've reached the end of our question-and-answer session. I'd like to turn the floor back over to Melanie for any further or closing comments.
Melanie Solomon -- Investor Relations
Thank you all for joining us today and for your continued support of 3D Systems. A replay of this webcast will soon be available on the Investor Relations section of our website. Thank you and good night.
Operator
[Operator Closing Remarks]
Duration: 46 minutes
Call participants:
Melanie Solomon -- Investor Relations
Vyomesh I. Joshi -- President and Chief Executive Officer
Todd Booth -- Executive Vice President, Chief Financial Officer
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Jim Ricchiuti -- Needham & Company -- Analyst
Brian Drab -- William Blair -- Analyst
Ananda Baruah -- Loop Capital Markets -- Analyst
Troy Jensen -- Piper Jaffray -- Analyst
Paul Chung -- JPMorgan -- Analyst
More DDD analysis
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10 stocks we like better than 3D Systems
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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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3D Systems Corp (NYSE: DDD) Q4 2019 Earnings Call Feb 26, 2020, 4:30 p.m. Operator [Operator Closing Remarks] Duration: 46 minutes Call participants: Melanie Solomon -- Investor Relations Vyomesh I. Joshi -- President and Chief Executive Officer Todd Booth -- Executive Vice President, Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Brian Drab -- William Blair -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Paul Chung -- JPMorgan -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Our company has a unique ability to architect solutions specific to customers needs through a combination of breakthrough materials, hardware platforms, software and professional services creating a path forward to integrating additive into traditional production environments.
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Operator [Operator Closing Remarks] Duration: 46 minutes Call participants: Melanie Solomon -- Investor Relations Vyomesh I. Joshi -- President and Chief Executive Officer Todd Booth -- Executive Vice President, Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Brian Drab -- William Blair -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Paul Chung -- JPMorgan -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q4 2019 Earnings Call Feb 26, 2020, 4:30 p.m. With me on the call are Vyomesh Joshi, our President and Chief Executive Officer; Todd Booth, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
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Operator [Operator Closing Remarks] Duration: 46 minutes Call participants: Melanie Solomon -- Investor Relations Vyomesh I. Joshi -- President and Chief Executive Officer Todd Booth -- Executive Vice President, Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Brian Drab -- William Blair -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Paul Chung -- JPMorgan -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q4 2019 Earnings Call Feb 26, 2020, 4:30 p.m. With me on the call are Vyomesh Joshi, our President and Chief Executive Officer; Todd Booth, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
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Operator [Operator Closing Remarks] Duration: 46 minutes Call participants: Melanie Solomon -- Investor Relations Vyomesh I. Joshi -- President and Chief Executive Officer Todd Booth -- Executive Vice President, Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Brian Drab -- William Blair -- Analyst Ananda Baruah -- Loop Capital Markets -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Paul Chung -- JPMorgan -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q4 2019 Earnings Call Feb 26, 2020, 4:30 p.m. Participants who would like to ask questions at the end of the session related to matters discussed in this conference call should call in using the number provided on this slide and in the press release that we issued today.
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3 Contrarian Stocks to Buy Now for Absolute Returns
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DDD
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https://www.nasdaq.com/articles/3-contrarian-stocks-to-buy-now-for-absolute-returns-2020-02-19
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Even the biggest of market bulls are apparently not collectively immune to catching a bearish bug. But if you think that hints of a pandemic situation for investors, think again. ItâÂÂs a better time to look past the headlines, and focus on these three market-busting contrarian stocks ripe for a comeback on Wall Street.
Let me explain.
Following the PresidentâÂÂs Day closure for U.S. financial markets, it was the worldâÂÂs largest publicly-traded companyâÂÂs turn to rain on Wall StreetâÂÂs bullishly-defying parade of ever higher prices. Shares of tech giant Apple (NASDAQ:) weighed on sentiment and prices Tuesday following a current quarter sales warning tied to the coronavirus.
For its part and despite rallying well off its intraday lows, AAPL still finished down 1.83% â while the large-cap, broad-based S&P 500 dipped by a modestly sympathetic 0.06%. Could this be the last straw for Wall StreetâÂÂs bull market? Possibly.
Moreover, in a market made up of stocks, three badly beaten-down contrarian stocks are ready to enjoy absolute returns; Even if other stocks investors are universally sweet on begin to sour.
So, letâÂÂs dive in.
Contrarian Stocks to Buy: Pinterest (PINS)
Source: Charts by TradingView
Visual-discovery and sharing platform Pinterest (NYSE:) is the first of our contrarian stocks to buy. Since coming public last spring, shares have put together a volatile price chart for bulls and bears. In the end though, the wild price action favored the latter camp in 2019.
Last year, shares finished off are 50% below their highs. Furthermore, PINS stock ended 2019 roughly 20% beneath PinterestâÂÂs opening secondary market print and nearly 2% in the red versus the stockâÂÂs initial public offering price of $19.
It was ugly to say the least for those that stayed the course. The good news, though, is that thereâÂÂs growing evidence a meaningful low is close at hand for this contrarian stock.
After bottoming in December, Pinterest has rallied strongly â and the contrarian stock now looks close to establishing an uptrend. Moreover, the most recent pivot high was formed on a , which delivered solid sales growth. Now, a multi-day pullback has filled in the price gap as shares test a support zone backed by Fibonacci and last AprilâÂÂs opening day low.
Pinterest Stock Strategy: Buy PINS stock inside the support zone, which stretches from approximately $21 to $23. On a daily chart indication, a confirmed fresh pivot low is in place. IâÂÂd recommend using a stop-loss marginally beneath the support area at $20.70, if required. Likewise, taking partial profits on a test of zone resistance and recent high near $27 makes sense off and on the Pinterest price chart.
Gilead (GILD)
Source: Charts by TradingView
Gilead Sciences (NASDAQ:) is the next of our contrarian stocks to buy. The large-cap biotech has been out of favor for a few years, with price weakness tied to past drug pricing failures and seeing its once-dominant hepatitis C market share decline.
However, the upside of Wall StreetâÂÂs bearishness is that Gilead shares are now dirt cheap relative to its S&P 500 peers and sport an attractive 4% dividend.
Furthermore, the price chart is also in agreement that now is the time to take the other side of todayâÂÂs investor pessimism. Since forming a Fibonacci-supported double-bottom pivot in December 2018, Gilead shares have established a symmetrical triangle built over 14 months. This monthâÂÂs announced for the company resulted in the contrarian stock breaking above pattern resistance before settling back into a test of the triangle for support.
Overall, the price action appears bullish while skewing the risk profile heavily in favor of buying shares today.
Gilead Stock Strategy: IâÂÂd suggest buying this contrarian stock right now and setting a stop at $63.70. The exit contains risk to about 5% and only closes the position if GileadâÂÂs February low and the patternâÂÂs apex line fail. On the upside, $78 to $83.50 looks about right for profit-taking as shares challenge Fibonacci resistance and GILDâÂÂs 2018 high.
Stratasys (SSYS)
Source: Charts by TradingView
Stratasys (NASDAQ:) is the next of our contrarian stock buys. Along with peer 3D Systems (NYSE:), SSYS was one of the marketâÂÂs most dearly loved growth names in 2013. This recognition came due to the companyâÂÂs printing technologies receiving the stamp of approval from Wall StreetâÂÂs sell side.
Unsurprisingly, the adulation didnâÂÂt end well. Shares of Stratasys are down 85% from a January 2014 high of $138.10. More important, this contrarian stock is now in position to be purchased.
Technically, shares of Stratasys have traded down the past several months into a test of a long-standing channel support line. With an oversold stochastics crossover confirming a low in-the-making, SSYS is in position to print money for bullish investors.
Stratasys Stock Strategy: For naked purchases, IâÂÂd suggest buying this contrarian stock after next WednesdayâÂÂs earnings release if investors would like a bit more price confirmation. Alternatively, and given Stratasys stockâÂÂs history of volatile earnings moves, using a married put or long call strategy which offer defined risk and unlimited upside potential looks about right in todayâÂÂs market.
Investment accounts under Christopher TylerâÂÂs management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher TylerâÂÂs observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter àandàStockTwits.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of tech giant Apple (NASDAQ:) weighed on sentiment and prices Tuesday following a current quarter sales warning tied to the coronavirus. Furthermore, PINS stock ended 2019 roughly 20% beneath PinterestâÂÂs opening secondary market print and nearly 2% in the red versus the stockâÂÂs initial public offering price of $19. Alternatively, and given Stratasys stockâÂÂs history of volatile earnings moves, using a married put or long call strategy which offer defined risk and unlimited upside potential looks about right in todayâÂÂs market.
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Contrarian Stocks to Buy: Pinterest (PINS) Source: Charts by TradingView Visual-discovery and sharing platform Pinterest (NYSE:) is the first of our contrarian stocks to buy. Now, a multi-day pullback has filled in the price gap as shares test a support zone backed by Fibonacci and last AprilâÂÂs opening day low. Pinterest Stock Strategy: Buy PINS stock inside the support zone, which stretches from approximately $21 to $23.
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Moreover, in a market made up of stocks, three badly beaten-down contrarian stocks are ready to enjoy absolute returns; Even if other stocks investors are universally sweet on begin to sour. Contrarian Stocks to Buy: Pinterest (PINS) Source: Charts by TradingView Visual-discovery and sharing platform Pinterest (NYSE:) is the first of our contrarian stocks to buy. Stratasys Stock Strategy: For naked purchases, IâÂÂd suggest buying this contrarian stock after next WednesdayâÂÂs earnings release if investors would like a bit more price confirmation.
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Furthermore, the price chart is also in agreement that now is the time to take the other side of todayâÂÂs investor pessimism. More important, this contrarian stock is now in position to be purchased. Stratasys Stock Strategy: For naked purchases, IâÂÂd suggest buying this contrarian stock after next WednesdayâÂÂs earnings release if investors would like a bit more price confirmation.
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716767.0
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2020-02-17 00:00:00 UTC
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3D Systems Is Getting a New CEO; Just How Well Has the Current One Performed?
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DDD
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https://www.nasdaq.com/articles/3d-systems-is-getting-a-new-ceo-just-how-well-has-the-current-one-performed-2020-02-17
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nan
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nan
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3D Systems (NYSE: DDD) announced earlier this month that CEO Vyomesh Joshi notified the board of directors that he has decided to retire. This news comes just five months after Todd Booth joined the 3D printing company as its CFO -- its third financial leader in less than four years.
Here's what investors should know.
3D Systems' C-suite has had a revolving door in recent years. Image source: Getty Images.
Joshi's retirement
Joshi will continue in his roles as president, CEO, and board member of the South Carolina-based 3D printing company until a successor is selected, according to the press release. He will then "transition to be a strategic advisor to the company."
How long it will take to find a new leader is anyone's guess, though at least several months seems probable. The company operated without a permanent CEO for about five months until Joshi came on board in April 2016. (During that time, 3D Systems Chief Legal Officer Andrew Johnson was the interim CEO.)
We can't know if Joshi's retirement was entirely his decision or if he was nudged along by the board. It's probably safe to say, however, that he wasn't outright fired, as he'd almost surely be gone as soon as the decision and announcement were made. The press release does mention his age, which is typical retirement age, so he simply may be ready to leave the workaday world. Moreover, it's not uncommon for one CEO to be brought in to help stabilize a troubled company and another one then hired to lead during the next phase.
Joshi's tenure
Joshi's tenure began in April 2016, about five months after the company's longtime former CEO Avi Reichental abruptly left. It was widely believed at the time that Reichental was fired by 3D Systems' board. It's been speculated that a main reason that he was let go stems from the company's acquisition spree during the last few years of his tenure. The extreme focus on "buying" revenue probably resulted in top management not devoting enough time to nurturing the company's existing businesses.
As to Joshi's background, he had a 30-plus-year career at the former Hewlett-Packard, culminating in leading the company's imaging and (2D) printing business for 11 years through 2012. That business became a part of HP Inc. after Hewlett-Packard split into two companies.
How well has 3D Systems' performed under Joshi's leadership?
Joshi and former CFO John McMullen, whom Joshi brought on board in June 2016, were handed a troubled company. Like competitor Stratasys (NASDAQ: SSYS), 3D Systems had been (and still is) struggling to grow revenue since 2015 after a few-year boom period. Moreover, the company had been (and still is) unprofitable on a trailing-12-month basis since early 2014. In addition, product quality issues were popping up frequently.
"Under [Joshi's] leadership, the company has stabilized financially, significantly improved product quality and reinvigorated innovation across its portfolio," according to the press release. Indeed, Joshi did improve product quality and stabilized the company financially to some degree, though 3D Systems continues to have a negative free cash flow (FCF) and had about 27% less cash on its balance sheet at the end of the third quarter than it did at the end of the quarter during which Joshi took the helm.
Revenue has been flat during Joshi's tenure. For context, Stratasys' revenue has slipped about 4% during this period. Both companies exited some businesses deemed undesirable, which is a positive. Nonetheless, no revenue growth during a 3.5-year period remains concerning. The main reason behind 3D Systems' stalled revenue is probably increased competition, primarily from HP Inc. and venture-backed Carbon. However, we can't discount the fact that some companies may be hesitant to do business with any company that has had some significant product quality issues. This is a hurdle that takes some time to overcome.
Data by YCharts.
3D Systems' bottom-line performance also is a concern. The efforts by Joshi and McMullen were probably responsible for helping improve a very bad profitability picture in 2016. However, after an initial improvement, the company's net loss has remained relatively stable. Meanwhile, Stratatsys' net loss has improved considerably over this period. To be fair, 3D Systems was likely in notably worse shape than Stratasys at the start of this period from a couple standpoints, namely product quality and employee morale.
Data by YCharts.
What investors care most about is a company's stock performance. So far during the Joshi era at 3D Systems, the company's stock is down more than 25% -- roughly in line with Stratasys stock's performance. Both stocks have significantly underperformed the broader market, with the S&P 500 returning nearly 77% during this period.
Data by YCharts.
Does a new CEO matter?
The short answer to this question is yes. A CEO sets the strategy for a company and monitors execution, so they have a good deal of control over a company's performance. Investors and potential investors in 3D Systems should monitor the CEO situation.
On a related note, Stratasys will have a new CEO effective Tuesday, Feb. 18. In December, the company announced the appointment of Yoav Zeif to that role. Stratasys has been operating without a permanent CEO since the unexpected departure of Ilan Levin in June 2018.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) announced earlier this month that CEO Vyomesh Joshi notified the board of directors that he has decided to retire. "Under [Joshi's] leadership, the company has stabilized financially, significantly improved product quality and reinvigorated innovation across its portfolio," according to the press release. To be fair, 3D Systems was likely in notably worse shape than Stratasys at the start of this period from a couple standpoints, namely product quality and employee morale.
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3D Systems (NYSE: DDD) announced earlier this month that CEO Vyomesh Joshi notified the board of directors that he has decided to retire. Joshi's tenure Joshi's tenure began in April 2016, about five months after the company's longtime former CEO Avi Reichental abruptly left. "Under [Joshi's] leadership, the company has stabilized financially, significantly improved product quality and reinvigorated innovation across its portfolio," according to the press release.
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3D Systems (NYSE: DDD) announced earlier this month that CEO Vyomesh Joshi notified the board of directors that he has decided to retire. Joshi's retirement Joshi will continue in his roles as president, CEO, and board member of the South Carolina-based 3D printing company until a successor is selected, according to the press release. Indeed, Joshi did improve product quality and stabilized the company financially to some degree, though 3D Systems continues to have a negative free cash flow (FCF) and had about 27% less cash on its balance sheet at the end of the third quarter than it did at the end of the quarter during which Joshi took the helm.
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3D Systems (NYSE: DDD) announced earlier this month that CEO Vyomesh Joshi notified the board of directors that he has decided to retire. The company operated without a permanent CEO for about five months until Joshi came on board in April 2016. Joshi and former CFO John McMullen, whom Joshi brought on board in June 2016, were handed a troubled company.
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fa9469b2-d539-49b3-b036-db7062bbf1fe
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716768.0
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2020-02-07 00:00:00 UTC
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Why 3D Systems' Stock Fell 10% Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-fell-10-today-2020-02-07
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nan
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nan
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What happened
Shares of 3D printing systems specialist 3D Systems (NYSE: DDD) fell as much as 10.3% on Friday before closing the day's trading at a loss of 9.6%. The company's president and CEO announced his retirement last night, a move that caught investors by surprise.
So what
CEO Vyomesh Joshi will retire as soon as 3D Systems' board of directors finds a suitable replacement. Even then, Joshi intends to stay connected to the company as a strategic adviser.
A 3D-printed statue. Image source: Anders Bylund.
Now what
Joshi was brought in as CEO in the spring of 2016. Presented as a visionary with three decades of relevant experience near the top of HP's (NYSE: HPQ) printing group, he was tasked with stabilizing a rickety financial structure with stalled sales growth and negative cash profits.
Now he's stepping out after four years at the helm, during which 3D Systems' sales continued to hold steady while free cash flows and EBITDA fell deeper into red ink. This poor performance can be partly pinned on weak industry trends in the 3D printing sector, since archrival Stratasys (NASDAQ: SSYS) showed similar financial trends across Joshi's tenure.
In any case, 3D Systems struggled over the last four years, and its investors would have been much better off trusting their nest eggs to an index fund tracking the market as a whole. I'm not persuaded that Joshi's departure should trigger a 10% haircut for 3D Systems, but that's the market reaction.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Anders Bylund has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D printing systems specialist 3D Systems (NYSE: DDD) fell as much as 10.3% on Friday before closing the day's trading at a loss of 9.6%. Presented as a visionary with three decades of relevant experience near the top of HP's (NYSE: HPQ) printing group, he was tasked with stabilizing a rickety financial structure with stalled sales growth and negative cash profits. Now he's stepping out after four years at the helm, during which 3D Systems' sales continued to hold steady while free cash flows and EBITDA fell deeper into red ink.
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What happened Shares of 3D printing systems specialist 3D Systems (NYSE: DDD) fell as much as 10.3% on Friday before closing the day's trading at a loss of 9.6%. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Anders Bylund has no position in any of the stocks mentioned.
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What happened Shares of 3D printing systems specialist 3D Systems (NYSE: DDD) fell as much as 10.3% on Friday before closing the day's trading at a loss of 9.6%. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them!
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What happened Shares of 3D printing systems specialist 3D Systems (NYSE: DDD) fell as much as 10.3% on Friday before closing the day's trading at a loss of 9.6%. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. That's right -- they think these 10 stocks are even better buys.
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a87addb2-ae68-4fa6-aebb-e3081be1ffb0
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716769.0
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2020-01-23 00:00:00 UTC
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Noteworthy Thursday Option Activity: DDD, INVA, TER
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DDD
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-ddd-inva-ter-2020-01-23
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 54,634 contracts have traded so far, representing approximately 5.5 million underlying shares. That amounts to about 262% of DDD's average daily trading volume over the past month of 2.1 million shares. Especially high volume was seen for the $13 strike call option expiring February 21, 2020, with 32,197 contracts trading so far today, representing approximately 3.2 million underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $13 strike highlighted in orange:
Innoviva Inc (Symbol: INVA) options are showing a volume of 8,418 contracts thus far today. That number of contracts represents approximately 841,800 underlying shares, working out to a sizeable 151.6% of INVA's average daily trading volume over the past month, of 555,390 shares. Especially high volume was seen for the $11 strike put option expiring February 21, 2020, with 4,000 contracts trading so far today, representing approximately 400,000 underlying shares of INVA. Below is a chart showing INVA's trailing twelve month trading history, with the $11 strike highlighted in orange:
And Teradyne, Inc. (Symbol: TER) saw options trading volume of 17,926 contracts, representing approximately 1.8 million underlying shares or approximately 113.5% of TER's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $85 strike call option expiring February 21, 2020, with 2,186 contracts trading so far today, representing approximately 218,600 underlying shares of TER. Below is a chart showing TER's trailing twelve month trading history, with the $85 strike highlighted in orange:
For the various different available expirations for DDD options, INVA options, or TER options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $13 strike call option expiring February 21, 2020, with 32,197 contracts trading so far today, representing approximately 3.2 million underlying shares of DDD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 54,634 contracts have traded so far, representing approximately 5.5 million underlying shares. That amounts to about 262% of DDD's average daily trading volume over the past month of 2.1 million shares.
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Especially high volume was seen for the $13 strike call option expiring February 21, 2020, with 32,197 contracts trading so far today, representing approximately 3.2 million underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $13 strike highlighted in orange: Innoviva Inc (Symbol: INVA) options are showing a volume of 8,418 contracts thus far today. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 54,634 contracts have traded so far, representing approximately 5.5 million underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 54,634 contracts have traded so far, representing approximately 5.5 million underlying shares. Especially high volume was seen for the $13 strike call option expiring February 21, 2020, with 32,197 contracts trading so far today, representing approximately 3.2 million underlying shares of DDD. That amounts to about 262% of DDD's average daily trading volume over the past month of 2.1 million shares.
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Especially high volume was seen for the $13 strike call option expiring February 21, 2020, with 32,197 contracts trading so far today, representing approximately 3.2 million underlying shares of DDD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 54,634 contracts have traded so far, representing approximately 5.5 million underlying shares. That amounts to about 262% of DDD's average daily trading volume over the past month of 2.1 million shares.
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0466cb31-a10f-4ff1-893b-1f514cf6bd14
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716770.0
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2020-01-23 00:00:00 UTC
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Stratasys Q4 Earnings: 4 Key Things to Watch
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DDD
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https://www.nasdaq.com/articles/stratasys-q4-earnings%3A-4-key-things-to-watch-2020-01-23
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nan
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nan
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Stratasys (NASDAQ: SSYS) hasn't yet announced a date for the release of its fourth-quarter and full-year 2019 results, but investors can probably expect them to come out by early March.
This will be the first quarterly release since the 3D printing company named a new CEO. In December the company announced that effective Feb. 18, Yoav Zeif will take the reins from interim CEO Elan Jaglom, who is also chair of the company's board.
Investors will probably be approaching the release with caution. After last quarter's release, the market sent shares tumbling more than 11% because the company's revenue had missed Wall Street's consensus estimate and because management had lowered full-year 2019 revenue guidance.
Stratasys stock has started 2020 off on a solid note, as it's up 7.1% through Jan. 22, compared with the S&P 500's 2.9% return.
Image source: Getty Images.
Key quarterly numbers
Here are Stratasys' year-ago results and Wall Street's estimates as benchmarks.
METRIC Q4 2018 RESULT WALL STREET'S Q4 2019 CONSENSUS ESTIMATE WALL STREET'S PROJECTED CHANGE
Revenue
$177. 1 million
$170.1 million
(4%)
Adjusted earnings per share (EPS)
$0.21
$0.20
(4.8%)
Data sources: Stratasys and Yahoo! Finance.
Investors will want to particularly focus on revenue, as Stratasys needs to grow revenue in order to power earnings growth, at least over the long term.
In the third quarter, the company's revenue edged down 2.8% year over year to $157.5 million, which management attributed to a continuation of the challenging macroeconomic climate in Europe and Asia. Loss per share under generally accepted accounting principles (GAAP) widened to $0.13 from $0.01 in the year-ago period, while adjusted EPS rose 9.1% to $0.12.
Sales of 3D printers
All eyes should be on the all-important 3D printer revenue. This metric is crucial because sales of 3D printers drive recurring sales of print materials, which sport high profit margins.
In the third quarter, 3D printer revenue fell 9% year over year. This result was slightly better than the 10% decline in the second quarter.
Gross margin
It's important to keep an eye on Stratasys' gross margin because this metric usually reflects pricing power. In the third quarter, the company's GAAP gross margin was 49.2%, up from 48.7% in the year-ago period but lower than the 49.7% of the second quarter. Adjusted gross margin landed at 52.4%, up from 52.1% in the year-ago period but a bit lower than the previous quarter's 52.5%.
For context, in the third quarter, 3D Systems' (NYSE: DDD) GAAP and adjusted gross margins were 43.3% and 44.4%, respectively. So Stratasys is performing considerably better than its prime 3D printing competitor on this metric.
Operating cash flow
In recent quarters, Stratasys has been using cash in its operations, a reversal of its usual dynamic of generating cash. Obviously, investors would like to see this change.
In the third and second quarters, the company used cash of $8.6 million and $3.8 million, respectively, in its operations. Nonetheless, its cash position remains robust, as it had $347.1 million in cash at the end of last quarter. That cash pile is a lot bigger than that of 3D Systems, which ended last quarter with $127.6 million.
10 stocks we like better than Stratasys
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For context, in the third quarter, 3D Systems' (NYSE: DDD) GAAP and adjusted gross margins were 43.3% and 44.4%, respectively. Stratasys (NASDAQ: SSYS) hasn't yet announced a date for the release of its fourth-quarter and full-year 2019 results, but investors can probably expect them to come out by early March. Key quarterly numbers Here are Stratasys' year-ago results and Wall Street's estimates as benchmarks.
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For context, in the third quarter, 3D Systems' (NYSE: DDD) GAAP and adjusted gross margins were 43.3% and 44.4%, respectively. After last quarter's release, the market sent shares tumbling more than 11% because the company's revenue had missed Wall Street's consensus estimate and because management had lowered full-year 2019 revenue guidance. Key quarterly numbers Here are Stratasys' year-ago results and Wall Street's estimates as benchmarks.
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For context, in the third quarter, 3D Systems' (NYSE: DDD) GAAP and adjusted gross margins were 43.3% and 44.4%, respectively. After last quarter's release, the market sent shares tumbling more than 11% because the company's revenue had missed Wall Street's consensus estimate and because management had lowered full-year 2019 revenue guidance. In the third quarter, the company's GAAP gross margin was 49.2%, up from 48.7% in the year-ago period but lower than the 49.7% of the second quarter.
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For context, in the third quarter, 3D Systems' (NYSE: DDD) GAAP and adjusted gross margins were 43.3% and 44.4%, respectively. 1 million $170.1 million (4%) Adjusted earnings per share (EPS) $0.21 $0.20 (4.8%) Data sources: Stratasys and Yahoo! Gross margin It's important to keep an eye on Stratasys' gross margin because this metric usually reflects pricing power.
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7355afaf-9826-4027-84b0-b90d0b55527c
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716771.0
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2020-01-23 00:00:00 UTC
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Interesting DDD Put And Call Options For March 6th
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DDD
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https://www.nasdaq.com/articles/interesting-ddd-put-and-call-options-for-march-6th-2020-01-23
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nan
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the March 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 6th contracts and identified one put and one call contract of particular interest.
The put contract at the $11.50 strike price has a current bid of 35 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $11.50, but will also collect the premium, putting the cost basis of the shares at $11.15 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $11.65/share today.
Because the $11.50 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 56%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.04% return on the cash commitment, or 25.83% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp. , and highlighting in green where the $11.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $12.00 strike price has a current bid of 30 cents. If an investor was to purchase shares of DDD stock at the current price level of $11.65/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $12.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 5.58% if the stock gets called away at the March 6th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $12.00 strike highlighted in red:
Considering the fact that the $12.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 54%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.58% boost of extra return to the investor, or 21.86% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 204%, while the implied volatility in the call contract example is 90%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $11.65) to be 49%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $12.00 strike highlighted in red: Considering the fact that the $12.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the March 6th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $12.00 strike highlighted in red: Considering the fact that the $12.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the March 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 6th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $12.00 strike highlighted in red: Considering the fact that the $12.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the March 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 6th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 6th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $12.00 strike highlighted in red: Considering the fact that the $12.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the March 6th expiration.
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15ba5057-458a-431d-8214-63c3bd3a6140
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716772.0
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2020-01-23 00:00:00 UTC
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3D Systems Earnings: 4 Things to Watch
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-4-things-to-watch-2020-01-23
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nan
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nan
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3D Systems (NYSE: DDD) hasn't yet announced a date for the release of its fourth-quarter and full-year 2019 results, but it should be during the last week in February, or perhaps one of the first couple days in March.
The 3D printing company is approaching the report on a mixed note. Last quarter, it beat Wall Street's estimates on both the top and bottom lines. However, management provided soft fourth-quarter revenue guidance. Following the third-quarter release, shares dropped more than 3% in after-hours trading, but closed up 8.5% the next day. Apparently, investors felt more positive after they had time to digest the numbers and information shared on theearnings call
3D Systems stock is coming back strong in 2020 after its poor showing last year. In 2019, shares declined 14%, compared to the S&P 500's 31.5% return. In 2020, they've shot up 30.7% through Jan. 22, versus the broader market's 2.9% return.
Here's what to watch in 3D Systems' report.
Image source: Getty Images.
Key quarterly numbers
Here are the year-ago quarter's results, the company's ballpark revenue outlook, and Wall Street's estimates to use as benchmarks.
METRIC Q4 2018 RESULT COMPANY'S Q4 GUIDANCE WALL STREET'S Q4 2019 CONSENSUS WALL STREET'S PROJECTED CHANGE (YOY)
Revenue
$180.7 million
Roughly $161.5 million to $164.6 million*
$163.7 million
(9.4%)
Adjusted earnings per share (EPS)
$0.10
N/A
$0.01
(90%)
Data sources: 3D Systems and Yahoo! Finance. YOY = year over year. *Management said it expected "mid-single-digit sequential revenue growth." The guidance range listed above represents 4% to 6% growth from the third-quarter's revenue.
Last quarter, the company's revenue declined 5.6% year over year. While that's far from the performance investors want to see, that decline was at least less steep than in the second quarter, when it was 10.9%, and in the first quarter, when it was 8.4%. However, as the table shows, analysts expect the year-over-year revenue decline to widen sequentially in the fourth quarter, to 9.4%.
What ails 3D Systems? In the second-quarter earnings release, CEO Vyomesh Joshi attributed the 2019 revenue struggles largely to the "ordering patterns of a large enterprise customer, the delay in shipping factory metals systems as we complete technical enhancements, and weaker macroeconomic conditions in some areas of our market." As for the factory metals systems, on last quarter'searnings call Joshi said, "We are confident that we will ramp up our metal factory system solutions by the end of the first quarter of 2020."
3D printer sales
As always, a main focus should be on 3D printer sales. These sales account for about 20% of the company's total revenue, but they are much more important than that number suggests. That's because they drive sales of "consumables" -- 3D printing materials -- which sport high profit margins.
In the third quarter, revenue from sales of 3D printers fell 17.2% year over year to $30.4 million. In the earnings release, the company said the decline was driven by the "timing of large enterprise customer orders and the softer macro industrial environment." For context, in the second and first quarters, 3D printer revenue dropped 27% and 29%, respectively, year over year.
Material sales
Investors will want to see the year-over-year materials growth rate accelerate from last quarter's 2.8%, or at the very least not decelerate. While last quarter's growth rate was modest, it was notable since this metric hadn't been positive since the third quarter of 2018, when it was 2%.
Management had been strenuously asserting for some time that the materials revenue growth would resume in the second half of 2019 -- and the company came through last quarter.
Cash flows
In 2019, one of 3D Systems' main focuses was cash generation. Indeed, that's because the company has been eating into the cash on its balance sheet. Its cash hoard was still a solid $127.6 million at the end of the third quarter, but that's down from $157.3 million at the end of the first quarter.
Last quarter, 3D Systems generated $6.5 million of cash from operations, which was down from the $18.7 million it generated in the second quarter. Both those results were much better than in the first quarter, when it used $15.2 million of cash in its operations.
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*Stock Advisor returns as of December 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) hasn't yet announced a date for the release of its fourth-quarter and full-year 2019 results, but it should be during the last week in February, or perhaps one of the first couple days in March. Apparently, investors felt more positive after they had time to digest the numbers and information shared on theearnings call 3D Systems stock is coming back strong in 2020 after its poor showing last year. In the earnings release, the company said the decline was driven by the "timing of large enterprise customer orders and the softer macro industrial environment."
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3D Systems (NYSE: DDD) hasn't yet announced a date for the release of its fourth-quarter and full-year 2019 results, but it should be during the last week in February, or perhaps one of the first couple days in March. Key quarterly numbers Here are the year-ago quarter's results, the company's ballpark revenue outlook, and Wall Street's estimates to use as benchmarks. Last quarter, the company's revenue declined 5.6% year over year.
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3D Systems (NYSE: DDD) hasn't yet announced a date for the release of its fourth-quarter and full-year 2019 results, but it should be during the last week in February, or perhaps one of the first couple days in March. Last quarter, the company's revenue declined 5.6% year over year. In the third quarter, revenue from sales of 3D printers fell 17.2% year over year to $30.4 million.
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3D Systems (NYSE: DDD) hasn't yet announced a date for the release of its fourth-quarter and full-year 2019 results, but it should be during the last week in February, or perhaps one of the first couple days in March. Last quarter, the company's revenue declined 5.6% year over year. In the third quarter, revenue from sales of 3D printers fell 17.2% year over year to $30.4 million.
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09d4584e-1c6b-42c8-8fca-70be4d9f2f93
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716773.0
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2020-01-22 00:00:00 UTC
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Proto Labs Kicks Off 3D Printing Earnings Season: What to Watch
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DDD
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https://www.nasdaq.com/articles/proto-labs-kicks-off-3d-printing-earnings-season%3A-what-to-watch-2020-01-22
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Proto Labs (NYSE: PRLB), a quick-turn contract manufacturer, is slated to report its fourth-quarter and full-year 2019 results before the market opens on Thursday, Feb. 6.
As is typically the case, the company -- which uses both traditional and 3D printing manufacturing techniques -- will kick off the quarterly earnings season for the 3D printing space. The two largest pure-play 3D printing companies, 3D Systems and Stratasys, haven't yet announced dates for the release of their results.
Investors will likely be approaching the report with caution. Last quarter, revenue fell short of Wall Street's consensus estimate, and fourth-quarter guidance for both the top and bottom lines came in lower than analysts had expected.
Proto Labs stock has had a strong start to 2020, gaining 7% through Jan. 21, versus the S&P 500's 2.9% return. The stock was still an underperformer, however, over the last year. But it's notably outperformed the market over the three-year period and since the company's initial public offering (IPO) in April 2012.
Here are three key things to watch in Proto Labs' report.
Image source: Getty Images.
1. Key quarterly numbers: Revenue should be the main focus
METRIC
Q4 2018 RESULT
PROTO LABS' Q4 2019 GUIDANCE
WALL STREET'S Q4 2019 CONSENSUS ESTIMATE
WALL STREET'S PROJECTED CHANGE
Revenue
$112.8 million
$109 million to $115 million
$112 million
(0.7%)
Adjusted earnings per share (EPS)
$0.74
$0.59 to $0.67
$0.63
(14.9%)
Data sources: Proto Labs and Yahoo! Finance.
As with the past couple of quarters, expectations are low. In 2019, Proto Labs has been struggling to grow revenue in a global industrial environment that management has characterized as "weak." Moreover, the company's Rapid Manufacturing business, acquired in late 2017, has been underperforming management's expectations. (Rapid provides sheet metal and computer numerical control, or CNC, metal-machining services in the United States.) Whether this is primarily a matter of management originally underestimating how long the integration would take or overestimating Rapid's potential remains to be seen. It's still relatively early in the integration process, though that won't be true in a year when we cross the three-year point.
For context, in the third quarter, Proto Labs' revenue edged up 1.8% year over year -- or 2.5% in constant currency -- to $117.5 million, and adjusted EPS fell 12% to $0.76. On last quarter'searnings call CEO Vicki Holt said that revenue growth for the company's legacy services was about 4% in constant currency, while Rapid's revenue declined 14.3%. Both revenue growth rates worsened from the second quarter, when they were about 9% and negative 8.6%, respectively.
2. Gross margin
The company's gross margin has declined since the Rapid acquisition. In the third quarter, the gross margin based on reported numbers came in at 50.8%, down from 52% in the second quarter. Adjusted gross margin was 51.5%, down sequentially from 52.6%.
3. First-quarter 2020 guidance
The market is forward looking, so its reaction to Proto Labs' earnings release will probably be largely driven by the company's outlook relative to Wall Street's expectations. So you should know that in Q1 2020, analysts are modeling for adjusted EPS of $0.67 on revenue of $115.3 million, representing a slight decline of 2.9% and an unchanged result, respectively, year over year.
10 stocks we like better than Proto Labs
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*Stock Advisor returns as of December 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Proto Labs (NYSE: PRLB), a quick-turn contract manufacturer, is slated to report its fourth-quarter and full-year 2019 results before the market opens on Thursday, Feb. 6. Last quarter, revenue fell short of Wall Street's consensus estimate, and fourth-quarter guidance for both the top and bottom lines came in lower than analysts had expected. First-quarter 2020 guidance The market is forward looking, so its reaction to Proto Labs' earnings release will probably be largely driven by the company's outlook relative to Wall Street's expectations.
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Last quarter, revenue fell short of Wall Street's consensus estimate, and fourth-quarter guidance for both the top and bottom lines came in lower than analysts had expected. Revenue $112.8 million $109 million to $115 million $112 million (0.7%) Adjusted earnings per share (EPS) $0.74 $0.59 to $0.67 $0.63 (14.9%) Data sources: Proto Labs and Yahoo! For context, in the third quarter, Proto Labs' revenue edged up 1.8% year over year -- or 2.5% in constant currency -- to $117.5 million, and adjusted EPS fell 12% to $0.76.
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Revenue $112.8 million $109 million to $115 million $112 million (0.7%) Adjusted earnings per share (EPS) $0.74 $0.59 to $0.67 $0.63 (14.9%) Data sources: Proto Labs and Yahoo! For context, in the third quarter, Proto Labs' revenue edged up 1.8% year over year -- or 2.5% in constant currency -- to $117.5 million, and adjusted EPS fell 12% to $0.76. 10 stocks we like better than Proto Labs When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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Moreover, the company's Rapid Manufacturing business, acquired in late 2017, has been underperforming management's expectations. On last quarter'searnings call CEO Vicki Holt said that revenue growth for the company's legacy services was about 4% in constant currency, while Rapid's revenue declined 14.3%. In the third quarter, the gross margin based on reported numbers came in at 50.8%, down from 52% in the second quarter.
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2072a352-4267-4621-b4ce-6d5c87a91fa0
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716774.0
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2020-01-13 00:00:00 UTC
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Why 3D Systems Stock Just Popped 10%
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-just-popped-10-2020-01-13
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nan
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What happened
Last week, shares of 3D printer maker 3D Systems (NYSE: DDD) enjoyed a big 11% pop on some pretty small-beans news -- the announcement that a little "edible culinary figures" company would be using its printers to print cake decorations and similar stuff. I have to admit that I was pretty underwhelmed with the announcement, and surprised at investors' reaction to it -- but today's news may be more worthy of attention.
On Monday, 3D announced that it is teaming up with yet another company -- Israel's CollPlant Biotechnologies -- to use the former's 3D printers and the latter's "proprietary recombinant human collagen (rhCollagen) BioInk technology" to "jointly develop tissue and scaffold bioprinting processes for third party collaborators."
Image source: Getty Images.
So what
Yes, you read that right. 3D is getting into the business of printing replacement people parts -- and this has the potential to turn 3D Systems into a biotech stock, with a biotech stock-like valuation. That's plenty of reason to justify, perhaps, the stock's 9.6% surge in share price through 11:15 a.m. this morning.
Now what
After all, while financial details of the transaction are scarce, and it's unclear how big this market might be, I'd bet good money it's bigger than the market for edible tchotchkes. It's certainly true that what the companies call "an unmet market need for a comprehensive solution to produce tissues and scaffolds for regenerative medicine applications" (emphasis added) would seem to offer more monetary potential than an unmet want for more cake decorations.
And given that this is a case where a successful product could literally save lives, I think it's safe to assume there will be customers willing to spend money on that.
After all, you can't take it with you...
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Last week, shares of 3D printer maker 3D Systems (NYSE: DDD) enjoyed a big 11% pop on some pretty small-beans news -- the announcement that a little "edible culinary figures" company would be using its printers to print cake decorations and similar stuff. I have to admit that I was pretty underwhelmed with the announcement, and surprised at investors' reaction to it -- but today's news may be more worthy of attention. On Monday, 3D announced that it is teaming up with yet another company -- Israel's CollPlant Biotechnologies -- to use the former's 3D printers and the latter's "proprietary recombinant human collagen (rhCollagen) BioInk technology" to "jointly develop tissue and scaffold bioprinting processes for third party collaborators."
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What happened Last week, shares of 3D printer maker 3D Systems (NYSE: DDD) enjoyed a big 11% pop on some pretty small-beans news -- the announcement that a little "edible culinary figures" company would be using its printers to print cake decorations and similar stuff. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Rich Smith has no position in any of the stocks mentioned.
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What happened Last week, shares of 3D printer maker 3D Systems (NYSE: DDD) enjoyed a big 11% pop on some pretty small-beans news -- the announcement that a little "edible culinary figures" company would be using its printers to print cake decorations and similar stuff. After all, you can't take it with you... 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Rich Smith has no position in any of the stocks mentioned.
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What happened Last week, shares of 3D printer maker 3D Systems (NYSE: DDD) enjoyed a big 11% pop on some pretty small-beans news -- the announcement that a little "edible culinary figures" company would be using its printers to print cake decorations and similar stuff. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them!
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7cf395ec-6eab-40f9-9dec-46f395415058
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716775.0
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2020-01-08 00:00:00 UTC
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Why 3D Systems Stock Popped 11% This Morning
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-popped-11-this-morning-2020-01-08
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nan
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nan
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What happened
Shares of 3D-printer maker 3D Systems (NYSE: DDD) soared in early trading today, rising nearly 11% before retreating to a gain in the neighborhood of 9.5% as of 12:12 p.m. EST. But why?
It wasn't analyst action that drove this stock up. According to StreetInsider.com, neither upgrades nor price target hikes were relevant to 3D today. And the company itself hasn't issued any positive press releases, which could have explained the sudden enthusiasm.
Image source: Getty Images.
So what
So what drove 3D higher? The most likely explanation can be found in the (web) pages of the 3D Printing Industry news, where an article was published yesterday describing how 3D has teamed up with Brill, Inc. (according to S&P Global Market Intelligence, a subsidiary of Dutch publicly traded company Corbion) to produce a "full-color, professional-grade culinary 3D printing system known as the Brill 3D Culinary Studio."
Beginning with the systems' first installation this summer, the new Brill 3D Culinary Studio will enable chefs to 3D print "edible culinary figures and embellishments."
Now what
Does this development justify a more than $105 million increase in 3D's market capitalization? Is the market for wedding cake decorations really that big?
Perhaps. But until 3D Systems turns things around financially and begins earning profits after a series of five straight years of losing money, today's price action is more a case of investors grasping at any bit of good news as an excuse to buy back into a stock that's underperformed the S&P 500 by a whopping 45 percentage points over the past year, and is therefore looking historically cheap.
Until 3D Systems proves it can earn a profit, no price may be cheap enough to justify buying this stock.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 1, 2019
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D-printer maker 3D Systems (NYSE: DDD) soared in early trading today, rising nearly 11% before retreating to a gain in the neighborhood of 9.5% as of 12:12 p.m. EST. The most likely explanation can be found in the (web) pages of the 3D Printing Industry news, where an article was published yesterday describing how 3D has teamed up with Brill, Inc. (according to S&P Global Market Intelligence, a subsidiary of Dutch publicly traded company Corbion) to produce a "full-color, professional-grade culinary 3D printing system known as the Brill 3D Culinary Studio." But until 3D Systems turns things around financially and begins earning profits after a series of five straight years of losing money, today's price action is more a case of investors grasping at any bit of good news as an excuse to buy back into a stock that's underperformed the S&P 500 by a whopping 45 percentage points over the past year, and is therefore looking historically cheap.
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What happened Shares of 3D-printer maker 3D Systems (NYSE: DDD) soared in early trading today, rising nearly 11% before retreating to a gain in the neighborhood of 9.5% as of 12:12 p.m. EST. The most likely explanation can be found in the (web) pages of the 3D Printing Industry news, where an article was published yesterday describing how 3D has teamed up with Brill, Inc. (according to S&P Global Market Intelligence, a subsidiary of Dutch publicly traded company Corbion) to produce a "full-color, professional-grade culinary 3D printing system known as the Brill 3D Culinary Studio." Until 3D Systems proves it can earn a profit, no price may be cheap enough to justify buying this stock.
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What happened Shares of 3D-printer maker 3D Systems (NYSE: DDD) soared in early trading today, rising nearly 11% before retreating to a gain in the neighborhood of 9.5% as of 12:12 p.m. EST. The most likely explanation can be found in the (web) pages of the 3D Printing Industry news, where an article was published yesterday describing how 3D has teamed up with Brill, Inc. (according to S&P Global Market Intelligence, a subsidiary of Dutch publicly traded company Corbion) to produce a "full-color, professional-grade culinary 3D printing system known as the Brill 3D Culinary Studio." But until 3D Systems turns things around financially and begins earning profits after a series of five straight years of losing money, today's price action is more a case of investors grasping at any bit of good news as an excuse to buy back into a stock that's underperformed the S&P 500 by a whopping 45 percentage points over the past year, and is therefore looking historically cheap.
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What happened Shares of 3D-printer maker 3D Systems (NYSE: DDD) soared in early trading today, rising nearly 11% before retreating to a gain in the neighborhood of 9.5% as of 12:12 p.m. EST. It wasn't analyst action that drove this stock up. Until 3D Systems proves it can earn a profit, no price may be cheap enough to justify buying this stock.
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716776.0
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2019-11-23 00:00:00 UTC
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3D Systems vs. Stratasys: Which Had the Better Q3 Earnings Results?
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DDD
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https://www.nasdaq.com/articles/3d-systems-vs.-stratasys%3A-which-had-the-better-q3-earnings-results-2019-11-23
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Now that both 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) have reported third-quarter results, we're going to compare them metric for metric. (3D Systems' results here and Stratasys' here).
Qualitative factors can be just as meaningful as quantitative ones and we're just looking at one quarter. Even with these caveats, however, our findings from this exercise should help you make investing decisions in the 3D printing space.
Image source: Getty Images.
Revenue
Data sources: company earnings reports.
Advantage: Stratasys.
Both companies experienced revenue declines from the year-ago period, so neither is performing well. That said, Stratasys gets the win here since it performed better than 3D Systems.
GAAP earnings per share (EPS)
Data sources: company earnings reports. GAAP = generally accepted accounting principles.
Advantage: tie.
There's no clear winner here. Both companies had an unprofitable quarter from a GAAP basis. Moreover, both of their results moved in the wrong direction from the year-ago period.
Adjusted EPS
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys takes the gold medal. Its non-GAAP, or adjusted, profit per share increased slightly from the year-ago period. Meanwhile, its rival's result not only declined, but fell into the loss category.
Image source: Stratasys.
GAAP gross margin
Data sources: company earnings reports.
Advantage: Stratasys.
Stratasys is the victor again. Its GAAP gross margin was nearly 6-percentage points higher than 3D Systems.' I'd venture to say that this is the widest spread between these two metrics in a long time. Moreover, Stratasys' gross margin improved from the year-ago quarter, while 3D Systems' declined.
A higher gross margin relative to a competitor often reflects better operating efficiency and/or stronger pricing power.
Liquidity -- net cash on hand and operating cash flow
Data sources: company earnings reports.
Advantage: tie.
I'm calling this category a draw. Stratasys has a much bigger cash stash than its competitor -- a big advantage when it comes to acquisitions. However, 3D Systems generated cash from its operations in the quarter, while Stratasys gobbled up some cash.
Investors shouldn't be overly concerned with Stratasys using cash in its operations, as it was a small amount relative to the company's cash position. Moreover, there appears a good reason for this dynamic. On the earnings call, CFO Lilach Payorski said that this was "primarily due to proactive steps to increase inventory levels to improve fulfillment time and support product demand as well to prepare for new product launches in 2020."
Research and development spending
Data sources: company earnings reports.
Advantage: tie.
This category also appears a draw, as both 3D printing companies are spending a fairly similar percentage of their total revenue on R&D. Both numbers are quite respectable.
R&D spending can be considered an investment. It's particularly critical for companies in the technology space to invest in innovation. Otherwise, they could lose ground (or more ground) to competitors.
2019 guidance
Data sources: Q4 2018 earnings reports and conference calls. YOY = year over year.
Advantage: N/A.
As was the case in 2018, 3D Systems didn't provide guidance for 2019, so a comparison isn't possible here. However, on the third-quarter earnings call, the company's new CEO, Todd Booth, provided this general outlook for Q4: "[W]e are expecting mid-single-digit sequential revenue growth." [Emphasis mine.]
The winner is... Stratasys
Score: Stratasys: 3; 3D Systems: 0; tie or N/A: 4.
Keep in mind the two caveats mentioned at the beginning of the article: Qualitative factors can be as important as quantitative ones, and we only looked at one quarter's results. Additionally, we didn't look at stock valuations.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Now that both 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) have reported third-quarter results, we're going to compare them metric for metric. A higher gross margin relative to a competitor often reflects better operating efficiency and/or stronger pricing power. However, on the third-quarter earnings call, the company's new CEO, Todd Booth, provided this general outlook for Q4: "[W]e are expecting mid-single-digit sequential revenue growth."
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Now that both 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) have reported third-quarter results, we're going to compare them metric for metric. GAAP earnings per share (EPS) Data sources: company earnings reports. Adjusted EPS Data sources: company earnings reports.
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Now that both 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) have reported third-quarter results, we're going to compare them metric for metric. GAAP earnings per share (EPS) Data sources: company earnings reports. GAAP gross margin Data sources: company earnings reports.
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Now that both 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) have reported third-quarter results, we're going to compare them metric for metric. (3D Systems' results here and Stratasys' here). Moreover, Stratasys' gross margin improved from the year-ago quarter, while 3D Systems' declined.
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716777.0
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2019-11-22 00:00:00 UTC
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Watch Out, 3D Systems! A Former DuPont CEO Now Leads a 3D Printing Competitor
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DDD
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https://www.nasdaq.com/articles/watch-out-3d-systems-a-former-dupont-ceo-now-leads-a-3d-printing-competitor-2019-11-22
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nan
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Carbon, a Silicon Valley-based polymer 3D printing company, announced on Thursday that Ellen Kullman, former DuPont chair and CEO, has been named president and CEO effective immediately. (DuPont is now part of DowDuPont following its 2017 merger with Dow Chemical.)
Certainly, having a leader of Kullman's caliber heading a competitor isn't good news for 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS), which are both in turnaround mode.
Here's what you should know.
Image source: Getty Images.
Carbon CEO news
Kullman will replace the digital manufacturing specialist's co-founder and current CEO, Joseph DeSimone, who will be transitioning to the role of executive chairman of the board. She will also remain on Carbon's board of directors, where she has served since 2016.
Kullman was DuPont's chair and CEO for about seven years, beginning in early 2009. She was the first woman to lead the global chemical giant in its more than 200-year history. She holds a B.S. in mechanical engineering from Tufts University and an MBA from the Kellogg School of Management of Northwestern University.
Along with her Carbon roles, Kullman is also a board director of defense contractor United Technologies, personal computer maker Dell Technologies, biotech company Amgen, and leading investment bank Goldman Sachs. She's been named one of the "50 Most Powerful Women in Business" by Fortune, among other honors.
Carbon appears to be on the IPO track
"Today's leadership announcements are the result of a succession plan that DeSimone, Kullman, and members of the board have worked on to prepare the company for its next chapter," according to the press release. That "next chapter" likely includes an initial public offering (IPO), as I opined in May. This CEO move makes me more confident that Carbon will be joining the publicly traded ranks in the relatively near future.
Ellen Kullman. Image source: Carbon.
Carbon in a nutshell
I've written about Carbon (which started life as Carbon3D in 2013) quite a few times since it exploded onto the tech scene at the TED 2015 conference. Indeed, I interviewed DeSimone, a polymer chemist, soon after he wowed the audience with his demonstration of the company's breakthrough Digital Light Synthesis (DLS) 3D printing technology. (To simply call DeSimone a polymer chemist doesn't do him justice. He's also a university chemistry and chemical engineering professor who's been on leave since founding Carbon, a prolific inventor and serial entrepreneur, and has racked up numerous lofty scientific and business honors.)
In short, DLS "grows" polymer parts continuously from a pool of liquid resin by harnessing ultraviolet light and oxygen. Traditional 3D printing prints layer by layer. Thanks largely to the elimination of the pauses between print layers, DLS has several key advantages over the leading commercialized 3D printing technologies related to speed, materials possibilities, surface quality, and mechanical properties.
Carbon is what's called a unicorn, which means that it's a privately held start-up valued at over $1 billion. The company received an early vote of confidence from Alphabet's (NASDAQ: GOOG)(NASDAQ: GOOGL) venture capital arm, Google Ventures, which led the $100 million series C funding round in 2015. Its partners and customers include big names such as Adidas (OTC: ADDYY) -- which is using DLS to produce running shoes with 3D-printed midsoles -- Ford, and Johnson & Johnson.
Moreover, Kullman isn't the only business and industry heavyweight on Carbon's board. Former Ford CEO Alan Mulally was the company's first independent director and remains on the board today. It would seem unlikely that these individuals -- who probably have more interesting business opportunities than most of us have socks -- would maintain multiyear ties to a company unless they believed that it had a promising technology and business plan.
3D Systems and Stratasys are down but not out
Kullman's expertise, experience, and connections have the potential to make Carbon an even more formidable competitor to 3D Systems, Stratasys, and other polymer-focused 3D printing companies. Moreover, since Carbon's tech enables 3D printing to make greater inroads into manufacturing, the company is, perhaps, an even greater threat to traditional manufacturers, namely injection molders.
3D Systems and Stratasys have been struggling to grow revenue in an industry that's been growing at a double-digit annual pace for some time. That means that the two early movers in the 3D printing space have been losing market share. And who's been gaining share? From the public information that's available, it's safe to conclude the answer is Carbon and HP Inc. (NYSE: HP), which both launched their first speedy 3D printers in 2016. There could be others as well.
This doesn't, however, mean that 3D Systems and Stratasys are down for the count. Both have valuable intellectual property and some potentially compelling new products in the pipeline. Whether their respective top management teams (which aren't the same ones that were in place when their major stumbles occurred several years ago) can effectively compete against the likes of Carbon and HP remains to be seen.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alphabet (A shares) and Alphabet (C shares). The Motley Fool recommends 3D Systems, Amgen, Johnson & Johnson, and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Certainly, having a leader of Kullman's caliber heading a competitor isn't good news for 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS), which are both in turnaround mode. Carbon appears to be on the IPO track "Today's leadership announcements are the result of a succession plan that DeSimone, Kullman, and members of the board have worked on to prepare the company for its next chapter," according to the press release. He's also a university chemistry and chemical engineering professor who's been on leave since founding Carbon, a prolific inventor and serial entrepreneur, and has racked up numerous lofty scientific and business honors.)
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Certainly, having a leader of Kullman's caliber heading a competitor isn't good news for 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS), which are both in turnaround mode. Carbon, a Silicon Valley-based polymer 3D printing company, announced on Thursday that Ellen Kullman, former DuPont chair and CEO, has been named president and CEO effective immediately. The company received an early vote of confidence from Alphabet's (NASDAQ: GOOG)(NASDAQ: GOOGL) venture capital arm, Google Ventures, which led the $100 million series C funding round in 2015.
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Certainly, having a leader of Kullman's caliber heading a competitor isn't good news for 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS), which are both in turnaround mode. Carbon, a Silicon Valley-based polymer 3D printing company, announced on Thursday that Ellen Kullman, former DuPont chair and CEO, has been named president and CEO effective immediately. Along with her Carbon roles, Kullman is also a board director of defense contractor United Technologies, personal computer maker Dell Technologies, biotech company Amgen, and leading investment bank Goldman Sachs.
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Certainly, having a leader of Kullman's caliber heading a competitor isn't good news for 3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS), which are both in turnaround mode. Carbon, a Silicon Valley-based polymer 3D printing company, announced on Thursday that Ellen Kullman, former DuPont chair and CEO, has been named president and CEO effective immediately. Moreover, Kullman isn't the only business and industry heavyweight on Carbon's board.
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2019-11-08 00:00:00 UTC
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3D Systems (DDD) Shares Cross Below 200 DMA
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https://www.nasdaq.com/articles/3d-systems-ddd-shares-cross-below-200-dma-2019-11-08
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In trading on Friday, shares of 3D Systems Corp. (Symbol: DDD) crossed below their 200 day moving average of $9.51, changing hands as low as $9.42 per share. 3D Systems Corp. shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of DDD shares, versus its 200 day moving average:
Looking at the chart above, DDD's low point in its 52 week range is $6.465 per share, with $14.50 as the 52 week high point — that compares with a last trade of $9.43.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of 3D Systems Corp. (Symbol: DDD) crossed below their 200 day moving average of $9.51, changing hands as low as $9.42 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $6.465 per share, with $14.50 as the 52 week high point — that compares with a last trade of $9.43. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of 3D Systems Corp. (Symbol: DDD) crossed below their 200 day moving average of $9.51, changing hands as low as $9.42 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $6.465 per share, with $14.50 as the 52 week high point — that compares with a last trade of $9.43. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of 3D Systems Corp. (Symbol: DDD) crossed below their 200 day moving average of $9.51, changing hands as low as $9.42 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $6.465 per share, with $14.50 as the 52 week high point — that compares with a last trade of $9.43. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Friday, shares of 3D Systems Corp. (Symbol: DDD) crossed below their 200 day moving average of $9.51, changing hands as low as $9.42 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $6.465 per share, with $14.50 as the 52 week high point — that compares with a last trade of $9.43. 3D Systems Corp. shares are currently trading down about 2.1% on the day.
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2019-11-02 00:00:00 UTC
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Why 3D Systems Stock Gained More Than 16% in October
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https://www.nasdaq.com/articles/why-3d-systems-stock-gained-more-than-16-in-october-2019-11-02
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What happened
Deja vu. Shares of 3D Systems (NYSE: DDD) were up 16.4% in October, according to data from S&P Global Market Intelligence, which is exactly the same percentage they gained in September.
Even with two consecutive months of strong performance, the 3D printing stock is still down 5.8% in 2019 through Nov. 1.
For context, the S&P 500 returned 2.2% last month and has returned 24.4% so far in 2019.
Image source: Getty Images.
So what
We can attribute 3D Systems stock's robust performance last month largely to the company's Oct. 30 release of third-quarter results that beat Wall Street's expectations on both and top and bottom lines. Shares popped 8.3% the following day, which likely came as a pleasant Halloween surprise to many investors since the market's initial reaction was moderately negative, as it sent shares tumbling 4.6% in after-hours trading on Wednesday.
In Q3, revenue declined 5.6% year over year to $155.3 million, topping the $151.1 million analysts had been anticipating. While 3D printer revenue is still moving lower -- it fell 17.2% year over year -- materials revenue resumed growing -- it was up a modest 2.8% year over year -- which is a notable positive because materials sport high profit margins. Adjusted for one-time items, the company posted a loss of $0.04 per share, compared with earnings per share of $0.02 in the year-ago period. While that bottom-line result is hardly anything to cheer about, it did manage to beat the loss of $0.05 per share that the Street had been projecting.
Now what
On theearnings call CFO Todd Booth said the company expects mid-single-digit sequential revenue growth in the fourth quarter. This is soft guidance, as the fourth quarter is usually a notably stronger quarter than the third quarter. Booth prefaced the light guidance by referencing "the ongoing macroeconomic challenges and persistent headwinds that we have been facing."
He added that management expects profitability, on an adjusted basis, in the first half of 2020.
While there are some reasons to be optimistic about 3D Systems' turnaround, investors should remain cautious. After all, this is an unprofitable company whose revenue is still declining.
10 stocks we like better than 3D Systems
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*Stock Advisor returns as of June 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of 3D Systems (NYSE: DDD) were up 16.4% in October, according to data from S&P Global Market Intelligence, which is exactly the same percentage they gained in September. So what We can attribute 3D Systems stock's robust performance last month largely to the company's Oct. 30 release of third-quarter results that beat Wall Street's expectations on both and top and bottom lines. Now what On theearnings call CFO Todd Booth said the company expects mid-single-digit sequential revenue growth in the fourth quarter.
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Shares of 3D Systems (NYSE: DDD) were up 16.4% in October, according to data from S&P Global Market Intelligence, which is exactly the same percentage they gained in September. So what We can attribute 3D Systems stock's robust performance last month largely to the company's Oct. 30 release of third-quarter results that beat Wall Street's expectations on both and top and bottom lines. In Q3, revenue declined 5.6% year over year to $155.3 million, topping the $151.1 million analysts had been anticipating.
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Shares of 3D Systems (NYSE: DDD) were up 16.4% in October, according to data from S&P Global Market Intelligence, which is exactly the same percentage they gained in September. So what We can attribute 3D Systems stock's robust performance last month largely to the company's Oct. 30 release of third-quarter results that beat Wall Street's expectations on both and top and bottom lines. While 3D printer revenue is still moving lower -- it fell 17.2% year over year -- materials revenue resumed growing -- it was up a modest 2.8% year over year -- which is a notable positive because materials sport high profit margins.
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Shares of 3D Systems (NYSE: DDD) were up 16.4% in October, according to data from S&P Global Market Intelligence, which is exactly the same percentage they gained in September. Even with two consecutive months of strong performance, the 3D printing stock is still down 5.8% in 2019 through Nov. 1. While that bottom-line result is hardly anything to cheer about, it did manage to beat the loss of $0.05 per share that the Street had been projecting.
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2019-10-31 00:00:00 UTC
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3D Systems Q3 Earnings: Key Metrics Decline; Stock Drops 5%
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https://www.nasdaq.com/articles/3d-systems-q3-earnings%3A-key-metrics-decline-stock-drops-5-2019-10-31
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3D Systems (NYSE: DDD) released anemic third-quarter 2019 results after the market closed on Wednesday.
Shares of the 3D printing specialist closed down 4.6% in after-hours trading on Wednesday. The company beat Wall Street's estimates on both the top and bottom lines. So we can probably attribute the market's reaction at least in part to the soft fourth-quarter revenue guidance shared on theearnings call
Here's how the quarter worked out for 3D Systems and its investors.
Image source: Getty Images.
3D Systems' key numbers
Data source: 3D Systems. GAAP = generally accepted accounting principles. YOY= year over year.
If we exclude the impact of the entertainment business -- which the company divested in July -- revenue declined just 3.6% year over year. In the second quarter, revenue dropped 10.9% year over year, so the revenue decline decelerated in the third quarter.
Wall Street was looking for an adjusted loss of $0.05 per share on revenue of $151.1 million. So 3D Systems beat both expectations.
GAAP gross margin was 43.3%, down from 47.3% in the year-ago period and also lower than last quarter's 46.6%. Non-GAAP gross margin came in at 44.4%, down from 47.4% in the year-ago quarter and also lower than the second quarter's 47.4%.
During the quarter, 3D Systems generated $6.5 million of cash from operations and ended the period with $127.6 million of cash on hand.
Segment results
Data source: 3D Systems. YOY = year over year.
Here's how key categories performed:
3D printers (within product): Revenue declined 17.2% year over year to $30.4 million.
Healthcare solutions: Revenue rose 6.3% to $56.4 million. Excluding the impact of one large enterprise customer's order patterns, revenue increased 15%. (This category spans both segments and overlaps other categories.)
Materials (within product): Revenue edged up 2.8% to $41.4 million.
Software (within product): Revenue was approximately flat with the year-ago period at $24.6 million.
On-demand part manufacturing (within service): Revenue fell 12% to $23.1 million.
The decline in 3D printer revenue was driven by "timing of large enterprise customer orders and the softer macro industrial environment," according to the earnings release.
For context, last quarter, 3D printer revenue dropped 27% year over year, healthcare revenue fell 8%, materials revenue declined 9%, software revenue edged down less than 1%, and on-demand manufacturing revenue declined 12%.
What management had to say
Here's what CEO Vyomesh Joshi had to say in the earnings release:
Despite continued headwinds in the industry, we achieved modest growth in Materials and Healthcare this quarter, driven by customer demand for our core and new product solutions. We remain focused on cost reductions, cash generation, and profitability in the near-term and driving long-term growth with the opportunities we have in our product portfolio and target markets.
And this is a don't-miss quote from Joshi from theearnings call "We are confident that we will ramp up our metal factory system solutions by the end of the first quarter of 2020." The company paused the shipping of these products a couple quarters ago because it experienced some quality issues.
Looking ahead
3D Systems turned in another weak quarter. One positive worth mentioning is that growth -- albeit quite modest -- resumed in the materials business, just as management had been asserting for some time that it would. Growth in this category is particularly important because materials have high profit margins.
On theearnings call CFO Todd Booth gave Q4 revenue guidance: "Looking at the fourth quarter, given the ongoing macroeconomic challenges and persistent headwinds that we have been facing, we are expecting mid-single-digit sequential revenue growth." [Emphasis mine.]
He also said that management expects non-GAAP, or adjusted, profitability in the first half of 2020.
10 stocks we like better than 3D Systems
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See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) released anemic third-quarter 2019 results after the market closed on Wednesday. So we can probably attribute the market's reaction at least in part to the soft fourth-quarter revenue guidance shared on theearnings call Here's how the quarter worked out for 3D Systems and its investors. What management had to say Here's what CEO Vyomesh Joshi had to say in the earnings release: Despite continued headwinds in the industry, we achieved modest growth in Materials and Healthcare this quarter, driven by customer demand for our core and new product solutions.
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3D Systems (NYSE: DDD) released anemic third-quarter 2019 results after the market closed on Wednesday. Here's how key categories performed: 3D printers (within product): Revenue declined 17.2% year over year to $30.4 million. The decline in 3D printer revenue was driven by "timing of large enterprise customer orders and the softer macro industrial environment," according to the earnings release.
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3D Systems (NYSE: DDD) released anemic third-quarter 2019 results after the market closed on Wednesday. In the second quarter, revenue dropped 10.9% year over year, so the revenue decline decelerated in the third quarter. Here's how key categories performed: 3D printers (within product): Revenue declined 17.2% year over year to $30.4 million.
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3D Systems (NYSE: DDD) released anemic third-quarter 2019 results after the market closed on Wednesday. Here's how key categories performed: 3D printers (within product): Revenue declined 17.2% year over year to $30.4 million. For context, last quarter, 3D printer revenue dropped 27% year over year, healthcare revenue fell 8%, materials revenue declined 9%, software revenue edged down less than 1%, and on-demand manufacturing revenue declined 12%.
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2019-10-31 00:00:00 UTC
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3D Systems Corp (DDD) Q3 2019 Earnings Call Transcript
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https://www.nasdaq.com/articles/3d-systems-corp-ddd-q3-2019-earnings-call-transcript-2019-10-31
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Image source: The Motley Fool.
3D Systems Corp (NYSE: DDD)
Q3 2019 Earnings Call
Oct 30, 2019, 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon and welcome to 3D Systems conference call and audio webcast to discuss the results of the third quarter of 2019. My name is Robert and I will facilitate the audio portion of today's interactive broadcast. [Operator Instructions]
At this time I'd like to turn the call over to Melanie Solomon Investor Relations.
Melanie Solomon -- Investor Relations
Good afternoon and welcome to 3D Systems conference call. With me on the call are Vyomesh Joshi our President and Chief Executive Officer; Todd Booth Executive Vice President and Chief Financial Officer; and Andrew Johnson Executive Vice President and Chief Legal Officer. The webcast portion of the call contains a slide presentation that we will refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website. Participants who would like to ask questions at the end of the session related to matters discussed in this conference call should call in using the phone number provided on this slide and in the press release that we issued today. For those who have accessed the streaming portion of the webcast please be aware that there may be a few seconds delay and you will not be able to post questions via the web. The following discussion and responses to your questions reflect management's views as of today only and will include forward-looking statements as described on this slide. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and our filings with the SEC including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q. During this call we will discuss certain non-GAAP financial measures. In our press release and the slides accompanying this webcast which are both available on our Investor Relations website you will find additional disclosures regarding these non-GAAP measures including reconciliations of these measures with the comparable GAAP measures. Finally unless otherwise stated all comparisons in this call will be against our results for the comparable period of 2018.
Now I'm pleased to turn the call over to Vyomesh Joshi our CEO. VJ?
Vyomesh I. Joshi -- President and Chief Executive Officer
Thanks Melanie. Good afternoon everyone. GAAP revenue in the third quarter was $155.3 million and non-GAAP revenue was $155.1 million. The difference being the entertainment divestiture completed in July. These results reflect a decrease of 5.6% but had the entertainment business being excluded from our results the revenue would have decreased by 3.6%. GAAP gross profit margin was 43.3% and non-GAAP gross profit margin was 44.4%. For the third quarter of 2019 we reported a GAAP loss of $0.15 per share and a non-GAAP loss of $0.04 per share. The well-known industry decline in manufacturing activity and industrial production has impacted our business this year as overall demand from our customers is down. We also continued to experience revenue headwinds this quarter due to the ordering patterns of a large enterprise customer and the pause we have taken on factory metal systems. From a geographic standpoint these challenges impacted results in the Americas and Asia Pacific which was slightly offset by strength in the EMEA region primarily driven by healthcare. I want to highlight a few positive developments from this quarter. As expected we have returned to growth in materials and we are working closely with our customers to find the right production workflows. We are excited that since our lastearnings callwe have introduced 8 new production materials for our Figure 4 platform. These include application-specific resins like EGGSHELL medical resins like MED-AMB and MED-WHT and production resins like PRO-BLK 10 and HI TEMP 300. Early feedback from customers tell us that they are very innovative and the customers are very excited about these new materials for end-user product production.
These materials will open up new production workflows in our target markets of healthcare automotive consumer electronics and other industrial segments enabling us to transition from prototyping to production. Our Figure 4 dental platform has been very successful with NextDent materials. And with these 8 new production materials we will scale our industrial Figure 4 platforms significantly in the coming months. Our healthcare revenue grew 6% and excluding our large enterprise customer it grew 15%. We are committed to operational excellence and are keenly focused on cost structure and cash flow. In the third quarter we decreased net inventory by $11.2 million quarter-over-quarter and generated $6.5 million of cash from operations. We believe in this uncertain environment that our most important area of focus is profitability. And to achieve this we continue to take costs out of the business. Compared to last year at this time we reduced SG&A by 5% and R&D by 8%. We have been taking cost out of the business throughout 2019. And in the first 9 months we have lowered SG&A by 6% and R&D by 11% for total operating expense reduction of 8% in 2019. In the coming months we will be accelerating our strategic reductions so that as we enter 2020 we will have the right cost structure for the company. Last quarter we disclosed a suspension of federal contracting from the United States Air Force and I'm pleased that this has now been resolved. On September 6 the Air Force lifted the suspension following our execution of a 2-year administrative agreement with them and we are now eligible to obtain and perform new U.S. government contracts without restrictions. Finally I would like to introduce our new CFO Todd Booth who joined us in September. I'm very excited to have Todd here as we are partnering to focus on operational excellence and driving toward a common goal of profitability and cash generation for 3D Systems.
Todd will now provide more details on our results for the third quarter of 2019. Todd?
Todd Booth -- Executive Vice President, Chief Financial Officer
Thanks VJ. Good afternoon everyone. For the third quarter we reported GAAP revenue of $155.3 million a decrease of 5.6% compared to the third quarter of 2018. GAAP gross profit margin was 43.3% compared to 47.3% in the third quarter of 2018. GAAP operating expenses decreased 10.8% to $79.2 million. We reported a GAAP loss of $0.15 per share in the third quarter of 2019 compared to a loss of $0.10 per share in 2018. We reported non-GAAP loss of $0.04 per share in the third quarter of 2019 compared to earnings of $0.02 per share in the third quarter of 2018. Printer revenue decreased 17.2% to $30.4 million driven by the ordering patterns of a large enterprise customer and the softer macro industrial environment. Materials revenue increased 2.8% to $41.4 million in the third quarter. We are pleased to have turned that corner to growth and expect to continue going forward. Healthcare services and simulation revenue increased 6.3% to $56.4 million. As VJ mentioned excluding the large enterprise customer orders from each year healthcare revenue increased 15%. We continue to be pleased with the overall demand trends for our Virtual Surgical Planning medical simulators and advanced manufacturing. On-demand manufacturing revenue decreased 12% to $23.1 million in the quarter attributable to the decline in the manufacturing activity in our industry and the headwind associated with the now resolved government suspension. We expect this headwind to persist in the fourth quarter due to its impact on the pipeline. Software revenue increased 0.1% to $24.6 million in the third quarter.
We are still seeing some headwinds from the automotive slowdown in our Cimatron product revenue that we expect to continue in the fourth quarter so we are taking actions to enhance our software portfolio and expect long-term growth. Looking at the fourth quarter given the ongoing macroeconomic challenges and persistent headwinds that we have been facing we are expecting mid-single-digit sequential revenue growth. We reported GAAP gross profit margin of 43.3% in the third quarter of 2019 a 400 basis point decrease from the previous year. Non-GAAP gross profit margin in the third quarter of 2019 was 44.4% a 300 basis point decrease from the prior year. The decrease was driven primarily by factory utilization mix and inventory adjustments. As we continue our cost reductions during Q4 and drive supply chain efficiencies we expect gross profit margins to remain in the mid-40s range in the near term. GAAP operating expenses for the quarter were $79.2 million a decrease of 10.8% compared to the third quarter of 2018 including the 11.2% decrease in SG&A expenses and 9.7% decrease in R&D expenses. Non-GAAP operating expenses in the third quarter were $69.3 million a 6% decrease in the third quarter of the prior year and a 3.4% decrease sequentially. Compared to the 2018 quarter non-GAAP SG&A expenses decreased 4.9% to $48.3 million. Non-GAAP R&D expenses decreased 8.3% to $20.9 million. We are focused on reducing our cost structure by continuing to drive efficiencies and lowering headcount to reduce cost of sales and operating expenses while prioritizing investments to drive profitable growth. We ended the quarter with $127.6 million of unrestricted cash on hand. We generated $6.5 million of cash from operations and paid down debt by $21 million during the third quarter. We improved working capital performance sequentially reducing inventory by $11.2 million to $122.7 million. While cash use and generation will continue to fluctuate period to period we are very pleased with the cash results for the third quarter.
With that I'll turn the call back to VJ. VJ?
Vyomesh I. Joshi -- President and Chief Executive Officer
Thanks Todd. Over the last three years since I joined 3D Systems we have stabilized the company. We have introduced innovative platforms for plastics with SLA Figure 4 and our new production materials. And we are gaining share in our 350 metals platform. We are confident that we will ramp up our metal factory system solutions by the end of the first quarter of 2020 and metals will become a good opportunity for the company. For the remainder of this year we remain focused on profitability and cash generation. We are structuring the company to be lean and profitable. We enhanced our focus on cost structure in 2019 and have reduced non-GAAP operating expenses by 8% in the first nine months. And we will continue taking cost out in the fourth quarter to rightsize the company in this uncertain environment. Looking ahead we believe our focus on innovative production workflows including hardware platforms materials software and professional services will drive profitable revenue growth in 2020.
And with that we will now open the floor for questions. Operator?
Questions and Answers:
Operator
[Operator Instructions] Our first question comes from Hendi Susanto with Gabelli & Company. Please proceed with your question.
Hendi Susanto -- Gabelli & Company -- Analyst
Good evening And welcome Todd. VJ and Todd I would like to ask more questions about the upcoming strategic initiatives to rightsize your cost structure for 2020. Can you share what major areas you are planning to address and how long it may take?
Vyomesh I. Joshi -- President and Chief Executive Officer
So I think we started cost reduction and throughout 2019 we are reducing the cost. So we reduced 8% as I talked about both in R&D and SG&A. And we need to really focus on getting the companies -- a smaller company which is profitable. We believe that there is a lot of opportunity in SG&A side because as we understand better the revenue profile that we want to generate. And I talked about the 2 business model where you have printer hardware materials and the on-demand parts and the second business model on healthcare and software. What we would like to do is we want to work toward how we want to organize so that we can focus on those 2 business model and simplify the company. And that will enable us to continue to drive our SG&A cost reduction. As far as R&D is concerned we had upfront R&D dollars to really develop platforms.
And now as the platforms have been developed both for plastics and metals we are going to focus on very specific product category which can really drive overall solution strategy that I've been talking about. We are going to look for more production workflows. And if you think about we have a line of production workflow dental production workflow jewelry production workflow medical devices production workflow. What we want to do is to find hardware materials software and professional services combination so we can find new production workflow. And that's where we will focus R&D dollars and try to reduce both R&D and SG&A.
Hendi Susanto -- Gabelli & Company -- Analyst
Got it VJ. And second question is it is great to see the reason of growth in your material business how sustainable is that if the...
Vyomesh I. Joshi -- President and Chief Executive Officer
Yes. So I think fundamentally we believe that as I've always talked about that in second half we should be able to see all the hard work we have done in growing our installed base and delivering materials growth. So I do believe that we will have this material growth next quarter and in 2020. Now there could be some seasonality and flexibility. But I do believe fundamentally that we are on a path now for materials growth onwards. The important part of the materials growth is the -- as I said to really have those right production workflows. Our enterprise customer is doing really well. So that materials growth is going to contribute into the overall positive growth. We also feel that dental market where we introduced our NextDent is doing very well. We are gaining share and then that dental material growth is also -- we are seeing. We also feel that the approach that we have taken to go after production workflows will enable us to drive more and more materials growth. The new production materials that we just introduced it's going to take some time because remember with this now we will have the growth of the hardware in 2020 of our industrial Figure 4. And then in 2021 we will see the results of also this new production materials. So no I think we can sustain the positive materials growth that we are talking about.
Hendi Susanto -- Gabelli & Company -- Analyst
Thank you, VJ. Good luck on finishing strong in 2019.
Vyomesh I. Joshi -- President and Chief Executive Officer
Thank you very much.
Operator
Our next question comes from Chris Van Horn with FBR. Please proceed with your question.
Chris Van Horn -- FBR. -- Analyst
Hey, Chris. Good evening guys taking the call and welcome Todd. You cited some soft macro industrial environment. I was wondering if you could get into -- was there any positive or silver linings within that statement?
Vyomesh I. Joshi -- President and Chief Executive Officer
Sure. So I think the automotive market and I think we all know right now the overall industrial market the manufacturing category has a lot of pressure especially in Europe and in China. And the positive side for us is of course Americas for those categories and then healthcare. I really want to talk about our healthcare business. If you look at healthcare in third quarter if you just take out the big enterprise customer we grew 15%. Every single category in healthcare Virtual Surgical Planning simulators our advanced manufacturing of medical devices we do for the medical device company all those 3 businesses grew in the third quarter. So the thing that I can tell you from the growth point of view I absolutely believe healthcare is in forefront.
And I continue to see the progress that we are making in that particular segment and we are going to have that in the coming quarters and in 2020. The other thing that I want to let you all know that as I said that we have stabilized the company. Once we get our factory metal systems completely qualified and start shipping in end of the Q1 our customers are just waiting for our solutions. I do believe that also will help us for growth in 2020. So materials healthcare and then software. Right now we are seeing fundamentally some issues especially on the Cimatron. But I do believe that in 2020 with our new platforms and the solution focus that we have on software and the sales focus we are having on software and healthcare will also enable us growth in 2020.
Chris Van Horn -- FBR. -- Analyst
Okay. Got it. And maybe on that front are you seeing the competitive landscape change at all maybe specifically in healthcare and other markets or competitors leaving due to the softness?
Vyomesh I. Joshi -- President and Chief Executive Officer
So I think the thing about this category you have lots of competitors. So you really talk about specific segment and a competitor. So as for example in my mind for the SLA category in the low end I think there is a real demand issue than people are seeing on the low end. Our SLA platform are very very competitive. As a matter of fact we are the best in the world. And we are seeing growth. But I'm just telling you in that category I do believe that we have a much better value proposition. The MultiJet printing category. Our success in jewelry market is there. But overall that segment is under pressure and we can see that pressure. The SLS market is growing and we have a very good product. And what we need to do is continue to drive more share gains in SLS. And I think U.S. is a very good competitor. Of course HP plays into that particular segment. In the metals segment I think our 350 is a very very innovative product especially in healthcare. I absolutely believe our focus on healthcare with medical device is really paying off.
And I do believe that that category continues to grow in 2020. There I don't -- in healthcare we don't see that much competition for the medical devices. With respect to the software side clearly we have to compete with Materialise but I do believe that we have a much better value proposition. My view is right now the macroeconomic issue in the industrial and auto market will be the one. But I think what we are doing is we're really trying to focus on profitability right now and making sure that when the market comes back we will be able to grow faster than the market.
Chris Van Horn -- FBR. -- Analyst
Great, thanks so much for all that color.
Vyomesh I. Joshi -- President and Chief Executive Officer
Thank you.
Our next question is from Greg Palm with Craig-Hallum Capital Group. Please proceed with your question.
Craig-Hallum -- Capital Group -- Analyst
VJ and welcome aboard Todd. So I guess starting off with the kind of the Q4 guidance. Normally you see a bigger jump sequentially I think mostly that's due to budget flush-type scenarios. I'm just kind of curious what gives you the visibility now given a lot of those sales tend to come in sort of the December time frame anyway. Is that just sort of where the pipeline is? How it's developing right now? And so...
Vyomesh I. Joshi -- President and Chief Executive Officer
No. I think we are just trying to make sure that there is uncertainty in the market. And I think that's what we are trying to reflect. I think our pipeline is healthy but I just want to make sure that we are prudent and not really look at our revenue profile but I do want to really focus on profitability and cash flow. So what I am doing with Todd's help is to really say "Okay let's make sure that we take cost out. Cost out of the company because that's what will really enable us." Whether the mid-single digits that we are talking about directionally it may be plus or minus and I think that's not what we want to drive. I think we are going to get as -- revenue as much as we can get but I want to focus the company really on making sure we take the cost out.
Craig-Hallum -- Capital Group -- Analyst
Yes. That's helpful. And I mean do you care to quantify sort of what you think is the appropriate cost structure for this company either next year or on a long-term basis? I don't know if you can make any commentary either on an absolute basis or maybe as a percentage.
Vyomesh I. Joshi -- President and Chief Executive Officer
Well I think what we are saying we have mid-40s in the gross margin. And what we need to do is to really figure out starting in the first half of 2020 how could we be profitable? And I think -- so that kind of gives us the guidance -- guideline in our mind that -- let's just be conservative in terms of the revenue growth. Look at our mid-40s gross margin and then appropriately size the structure. The second thing that we want to do is to really make sure that we look at our capital expenditure and manage the cash. As you saw in this quarter which I absolutely take tremendous pride in my team that we took our inventory down we are not consuming as much cash. We basically consumed $3.9 million cash. In Q3 we generated $6.5 million cash of operating cash. And I think we need to continue to do that because I do believe that having that focus on making sure that we get the right kind of a cost structure so we'll be profitable with lower revenue because I just don't want to count on getting the revenue and use that as an angle. I want to really say at this revenue level that we have I want to be profitable.
Craig-Hallum -- Capital Group -- Analyst
Yes makes sense. And your goal at this point is profitability starting in Q1 in '20 and then obviously...
Vyomesh I. Joshi -- President and Chief Executive Officer
I would say...
Todd Booth -- Executive Vice President, Chief Financial Officer
We expect first half of the year 2020 profit -- non-GAAP profitability.
Craig-Hallum -- Capital Group -- Analyst
Yes. Okay. And then I guess just lastly Todd it would be helpful to get some sense on maybe what excites you about joining 3D Systems? I mean obviously it sounds like operating costs are sort of first and foremost. But what are some of your other near and longer-term priorities here?
Todd Booth -- Executive Vice President, Chief Financial Officer
I'll do stress that. So I'm very happy here partnering with VJ on the profitability and cash generation but the technology the company has and the direction with where we're going with healthcare and software metals and just the platforms we have that really excites me.
Craig-Hallum -- Capital Group -- Analyst
Great. All right. Good luck going forward. Thanks.
Vyomesh I. Joshi -- President and Chief Executive Officer
Thank you.
Operator
Our next question comes from Troy Jensen with Piper Jaffray. Please proceed with your question.
Troy Jensen -- Piper Jaffray -- Analyst
Welcome Todd. Quick for you VJ. Can you just dive a little bit more into this metal factory comment you made? And I'm curious to know too is this related at all to the metal material handling problem that we had earlier in the year? Are these...
Vyomesh I. Joshi -- President and Chief Executive Officer
Yes exactly the same things. So Troy you see what we wanted to make sure that a part of management unit that we are planning to ship with over 350 we look at the reliability and make sure that we don't have any issues. And that's why we paused and we are making incredible progress. We know the root cause. And it's a tough problem because when you are moving that metal powder the electrostatic forces and lot of things that we need to really pay attention to so it doesn't clamp up. And I think we are finding a very good solution to that. We are testing it thoroughly. And I would rather wait than ship a product having a quality issue. That has been a fundamental thing that as you know for the last three years I've been focusing on. Quality reliabilities of a job. Number one. We want to make sure. And so yes it's taking a few months but I absolutely believe that we are going to have an incredible solution. And if you look at the marketplace there are not that many companies -- actually there are no company which can really provide this kind of an automatic powder management unit for the metal printer. So this will be a unique value proposition but we want to do it right. And we are very excited that we have a solution that we will be able to ship in end of Q1.
Troy Jensen -- Piper Jaffray -- Analyst
So you are confirming you have a solution for the problem and it's just going through the final testing?
Vyomesh I. Joshi -- President and Chief Executive Officer
Yes. Yes yes.
Troy Jensen -- Piper Jaffray -- Analyst
Perfect. Okay. Cool. And then how about -- just mainly for Todd just if you can help to give us great guidance on revenues and margins sequential basis we appreciate that transparency. Sequentially do you think the OpEx on a dollar basis is going to go up flat or down sequentially?
Todd Booth -- Executive Vice President, Chief Financial Officer
So as a percentage of sales it will go down but we're going to be relatively flat on a dollar basis to slight up. Slightly up. Sure. You need to look at it more of a long-term as we continue to drive it down.
Troy Jensen -- Piper Jaffray -- Analyst
Yes I figured this...
Vyomesh I. Joshi -- President and Chief Executive Officer
But I think Troy as you -- the focus is on taking the cost out. So that -- if you think about it we have done it now for the last 3 quarters and overall year-to-date 8% down in operating expenses. So I would to like to see -- continue that kind of profile because we just want to set up the company for profitability and cash generation.
Troy Jensen -- Piper Jaffray -- Analyst
Yes. Okay sir. How about just quick for you VJ. Just could you give us an update on production platforms for Figure 4? Have you been shipping many? Is there a big pipeline? Any update would be great.
Vyomesh I. Joshi -- President and Chief Executive Officer
So I think what we are finding now -- so I think as I said with our dental and NextDent material we are doing extremely well on Figure 4. With these new materials especially with 2 materials I'm very excited about. Out of the 10 the 8 that I talked about the BLK 10 -- I think BLK 10 for the first time Troy I fundamentally believe we have an end-user part production material. The customers -- the beta customer that we have provided this material they are very excited. They think that this is a game-changing material with which we will be able to really find a lot of new production workflows in healthcare in consumer electronics industry where they want to really have production parts that they could be doing it without using any tooling. We will be able to go into the industrial segment. And even the service bureaus are also getting very excited because I think they will be able to use this with a very short turnaround time on production runs for the parts that they will be doing.
So I really think that BLK 10 is a really innovative material. The other one is the HI TEMP because a lot of people talk about high temperature. I think we have now for the first time HI TEMP material for 300-degree centigrade which I really think is going to open up a lot of new applications in automotive under the hood. I really think this is going to be another very very important material. The biocompatible material will allow us to go into the healthcare applications. And then EGGSHELL which is a kind of an application but I do believe for doing elastomeric silicon kind of molding. That's also a very innovative material. And I think I always told you right that we were seeing -- whenever you have the right materials right software and the product we can really change the trajectory. In dental we have shown that with NextDent. I do believe with our new materials and with all the feedback that I'm getting from our beta sites I think now we have arrived for our industrial both the stand-alone and modular plus the production one also. So I'm very excited about these materials.
Troy Jensen -- Piper Jaffray -- Analyst
This is a good looking for. Thank you very much.
Operator
Our next question is from Brian Drab with William Blair. Please proceed with your day, Brian.
Brian Drab -- William Blair -- Analyst
Hey, good afternoon. Thanks for taking my questions to first. First I think it's really interesting that on this call we're talking a lot about cost reductions R&D and SG&A. And I've had enough time here. So I was listening to the call and looked at the second quarter transcript and the word flat was used over and over on that call with reference to how you wanted us to think about OpEx going forward. And at that time you had 2 quarters of about $72 million per quarter in OpEx. And now we're at $69 million in the third quarter and we're talking about it going down from there. So is this a shift in how you're thinking about how you want to manage the company? Is this related specifically to Todd joining? Like what -- are you not adjusting...
Vyomesh I. Joshi -- President and Chief Executive Officer
No no. I think -- no I think this is something I started accelerating there in 2019 quarter 1. I think what we were seeing at that time also John and I that we'll be flat meaning flat sequentially. That's what we were saying. And -- but at the same time I think we want to get aggressive. And you could see it already right? Then when we take our operating expenses for the year-to-date we took out 11% in R&D and 6% in SG&A in the first nine months. So this is not like this quarter we are talking about it. This was -- I'm on the path because I would rather have a smaller profitable company when you have so much uncertainty. And I think that's what we are focused on. My view is whenever you have uncertainty you want to get the right kind of a cost that you're not relying on revenue growth to get the right sizing. Because once you have that -- the other very important thing that I said which is very important is we had put all of our R&D to develop platforms. And once the platforms are developed their profile of R&D spend is going to be more on software materials and kind of a workflow solution rather than designing very expensive platforms. And that also is paying off because we believe that we have the right platforms. Now the investment must be in the software and material. I've been consistently saying that. So Brian this is not like last quarter thing. This has been something that we have been focused on and we really want to make sure we want to do the right thing. Yes?
Brian Drab -- William Blair -- Analyst
Okay. Yes. I mean it was -- it wasn't that long ago though the last call is mid-August and it's over and over flat flat flat going forward. So that was the reason I asked the question. Then now it sounds like it's down down down is the message. So that's like a shift for you...
Vyomesh I. Joshi -- President and Chief Executive Officer
But if you then -- if you look at every quarter we have gone down year-over-year you could check it out.
Brian Drab -- William Blair -- Analyst
Yes. No. I'm looking at it. Okay. I just want to make sure I understood the philosophy. And then one other question I guess if I could ask just on gross margin. So gross margin sounds like mid-40s is what we're expecting going forward. It was quite a bit higher in the past. I wonder if you could just summarize just what is the new model and why this kind of shifting profile from higher 40s...
Vyomesh I. Joshi -- President and Chief Executive Officer
So I think this -- yes the first thing that you want to do is -- because based on the actual revenue profile we want to make sure that we reduce the inventory while the revenue is going down. And when you do that your factory utilization is going to be a factor. And so I want to make sure that we pay attention and that utilization was one of the key driving force in having the lower gross margin. The second one is we want to make sure that we look at our inventory and then inventory adjustments. That we do is the second reason that the gross margin -- the third thing is a mix because what we want to do is to really ensure that we are driving the production platforms. And then when you are in the production category the mix also of the materials that you have been shipping will have a different gross margin mix also. So I think those are the 3 things. And I do believe that now the way we are looking at our profile I think getting to the mid-40s in the gross margin is the right thing to do.
Brian Drab -- William Blair -- Analyst
Okay, thanks for taking my question.
Vyomesh I. Joshi -- President and Chief Executive Officer
Thanks, Brian.
Operator
Our next question comes from Jim Ricchiuti Needham & Company. Please proceed with your question.
Mike Cikos -- Needham -- Analyst
This is Mike Cikos on for Jim Ricchiuti today. First question was about the government contracts and the resolution. Congratulations on that. I just wanted to make sure that I heard correctly. So it sounds like there's going to be a bit of a hangover in the Q4 I guess because the pipeline was impacted by this activity. So first I wanted to confirm that. And then second is the expectation that I guess that hangover if you will will be gone as we move into 2020? Or is there still some pipeline activity that needs to be backfilled to make sure that Q1 is off to the races?
Vyomesh I. Joshi -- President and Chief Executive Officer
Yes. So I think -- I just want to make sure you understand there are two parts of the government thing. There is one particular government work that we have to do with the export compliance. And then we had our order which we talked about. And then there's the Air Force suspension which is now lifted and -- but it is lifted just in September. So that to the pipeline that I talked about for the -- especially in the ODM business. We still have work to do for over Q4. I do believe that it should -- the business will come back. But it's generally the sales cycles are long lead sales cycle. So I think there will be some impact also in Q1. But starting in second quarter on we should not have as much impact on the suspension that we had especially in Q3.
Mike Cikos -- Needham -- Analyst
Okay. That's helpful. And then just shifting markets. If we look at the automotive market obviously weaker there based on all the indications we've seen. But is there any reason to get more excited about that market near term? Or are you seeing any pockets where you might be seeing some green shoots?
Vyomesh I. Joshi -- President and Chief Executive Officer
Meaning the automotive market you're talking about?
Mike Cikos -- Needham -- Analyst
Yes.
Vyomesh I. Joshi -- President and Chief Executive Officer
Yes. So I think automotive market globally is weak. If you read everything there are a lot of reasons. People talk about electric cars to Uber to all kinds of reasons. And clearly for our prototyping market for our on-demand parts market and certain jigs and fixtures in those kind of applications automotive market is very important. And when you have that kind of a weakness -- plus we are not doing as many new models that they're used to do. And I think that has impact on overall the market. But there are a lot of innovative auto industry companies which are doing electric cars and electric vehicles. Actually they are still really asking for a lot of innovative design solution using additive manufacturing. So we see that part still really engaged with us and using this new innovative technology.
Mike Cikos -- Needham -- Analyst
Thank you very much.
Operator
Thank you. There are no other questions at this time. I would like to turn the call back over to Melanie Solomon for closing remarks. Melanie?
Melanie Solomon -- Investor Relations
Thank you all for joining us today for your continued support of 3D Systems. A replay of this webcast will be available after the call in the Investor Relations section of our website. Thank you and good night.
Operator
[Operator Closing Remarks]
Duration: 44 minutes
Call participants:
Melanie Solomon -- Investor Relations
Vyomesh I. Joshi -- President and Chief Executive Officer
Todd Booth -- Executive Vice President, Chief Financial Officer
Hendi Susanto -- Gabelli & Company -- Analyst
Chris Van Horn -- FBR. -- Analyst
Craig-Hallum -- Capital Group -- Analyst
Troy Jensen -- Piper Jaffray -- Analyst
Brian Drab -- William Blair -- Analyst
Mike Cikos -- Needham -- Analyst
More DDD analysis
All earnings call transcripts
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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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3D Systems Corp (NYSE: DDD) Q3 2019 Earnings Call Oct 30, 2019, 4:30 p.m. -- Analyst Craig-Hallum -- Capital Group -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Brian Drab -- William Blair -- Analyst Mike Cikos -- Needham -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. From a geographic standpoint these challenges impacted results in the Americas and Asia Pacific which was slightly offset by strength in the EMEA region primarily driven by healthcare.
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-- Analyst Craig-Hallum -- Capital Group -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Brian Drab -- William Blair -- Analyst Mike Cikos -- Needham -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 3D Systems Corp (NYSE: DDD) Q3 2019 Earnings Call Oct 30, 2019, 4:30 p.m. And your goal at this point is profitability starting in Q1 in '20 and then obviously... Vyomesh I. Joshi -- President and Chief Executive Officer I would say... Todd Booth -- Executive Vice President, Chief Financial Officer We expect first half of the year 2020 profit -- non-GAAP profitability.
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3D Systems Corp (NYSE: DDD) Q3 2019 Earnings Call Oct 30, 2019, 4:30 p.m. -- Analyst Craig-Hallum -- Capital Group -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Brian Drab -- William Blair -- Analyst Mike Cikos -- Needham -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. With me on the call are Vyomesh Joshi our President and Chief Executive Officer; Todd Booth Executive Vice President and Chief Financial Officer; and Andrew Johnson Executive Vice President and Chief Legal Officer.
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3D Systems Corp (NYSE: DDD) Q3 2019 Earnings Call Oct 30, 2019, 4:30 p.m. -- Analyst Craig-Hallum -- Capital Group -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Brian Drab -- William Blair -- Analyst Mike Cikos -- Needham -- Analyst More DDD analysis All earnings call transcripts 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. And second question is it is great to see the reason of growth in your material business how sustainable is that if the... Vyomesh I. Joshi -- President and Chief Executive Officer Yes.
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Stratasys Q3 Earnings: A Treading-Water Quarter Expected
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https://www.nasdaq.com/articles/stratasys-q3-earnings%3A-a-treading-water-quarter-expected-2019-10-24
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Stratasys (NASDAQ: SSYS) is slated to report its third-quarter 2019 results before the market opens on Wednesday, Nov. 13.
At that time, investors should know how the quarter turned out for its 3D printing rival 3D Systems (NYSE: DDD), which is scheduled to release its Q3 results after the market closes on Wednesday, Oct. 30.
Stratasys stock gained 63% in the first half of 2019, thanks in part to first-quarter revenue and earnings soundly beating Wall Street's expectations. Shares have since pulled back considerably. They're up 8.6% so far this year through Oct. 23, trailing the S&P 500's 21.8% return and ahead of 3D Systems stock's 15% loss.
Image source: Getty Images.
Key quarterly numbers
Here are Stratasys' year-ago results and Wall Street's estimates to use as benchmarks.
Data sources: Stratasys and Yahoo! Finance.
Analysts are expecting Stratasys' headline numbers -- revenue and EPS -- to be the same as they were in the year-ago quarter.
In the second quarter, the company's revenue declined 4.1% year over year to $163.2 million, which management attributed largely to weak demand in Europe due to softening economic conditions. Adjusting for sales of divested entities and the effect of foreign exchange, revenue dropped just 1%. Earnings per share under generally accepted accounting principles (GAAP) flipped from negative to positive, and adjusted EPS rose 6.7% to $0.16.
CEO search
Stratasys has been without a permanent CEO since last June, when Ilan Levin resigned after leading the company for nearly two years. Elan Jaglom, Stratasys' chairman of the board, has been serving as interim CEO. Investors can expect an update on the CEO search on the earnings call.
It's now getting a bit long for the company to be operating with an interim CEO. My guess is that some investors share this belief and leadership concerns have been a factor in the stock's pullback.
Sales of 3D printers
Sales of 3D printers are central to Stratasys' business model in that they drive recurring sales of print materials, which have fat profit margins. In the second quarter, 3D printer revenue fell 10% year over year, or 6% if we exclude divested entities and the impact of foreign exchange -- not a good result, but not as bad as 3D Systems' 27% drop.
Gross margin
Investors should continue to focus on gross margin, as this metric reflects pricing power. Last quarter, Stratasys' GAAP gross margin came in at 49.7%, up from 49.1% in the year-ago period and also higher than 49.2% in the first quarter. Adjusted gross margin was 52.5%, unchanged from the year-ago period but up from the first quarter's 52%.
For context, in the second quarter, 3D Systems' GAAP gross margin was 46.6% and its adjusted gross margin was 47.4%.
Operating cash flow
Investors will want to monitor Stratasys' operating cash flow. Last quarter, this metric was negative: The company used $3.8 million in cash from operations during the quarter.
10 stocks we like better than Stratasys
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At that time, investors should know how the quarter turned out for its 3D printing rival 3D Systems (NYSE: DDD), which is scheduled to release its Q3 results after the market closes on Wednesday, Oct. 30. Stratasys stock gained 63% in the first half of 2019, thanks in part to first-quarter revenue and earnings soundly beating Wall Street's expectations. Earnings per share under generally accepted accounting principles (GAAP) flipped from negative to positive, and adjusted EPS rose 6.7% to $0.16.
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At that time, investors should know how the quarter turned out for its 3D printing rival 3D Systems (NYSE: DDD), which is scheduled to release its Q3 results after the market closes on Wednesday, Oct. 30. Key quarterly numbers Here are Stratasys' year-ago results and Wall Street's estimates to use as benchmarks. Last quarter, Stratasys' GAAP gross margin came in at 49.7%, up from 49.1% in the year-ago period and also higher than 49.2% in the first quarter.
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At that time, investors should know how the quarter turned out for its 3D printing rival 3D Systems (NYSE: DDD), which is scheduled to release its Q3 results after the market closes on Wednesday, Oct. 30. Last quarter, Stratasys' GAAP gross margin came in at 49.7%, up from 49.1% in the year-ago period and also higher than 49.2% in the first quarter. For context, in the second quarter, 3D Systems' GAAP gross margin was 46.6% and its adjusted gross margin was 47.4%.
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At that time, investors should know how the quarter turned out for its 3D printing rival 3D Systems (NYSE: DDD), which is scheduled to release its Q3 results after the market closes on Wednesday, Oct. 30. Analysts are expecting Stratasys' headline numbers -- revenue and EPS -- to be the same as they were in the year-ago quarter. It's now getting a bit long for the company to be operating with an interim CEO.
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2019-10-05 00:00:00 UTC
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Why Stratasys Stock Dropped 10.6% in September
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DDD
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https://www.nasdaq.com/articles/why-stratasys-stock-dropped-10.6-in-september-2019-10-05
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What happened
Shares of Stratasys (NASDAQ: SSYS) fell 10.6% in September, according to data from S&P Global Market Intelligence. In 2019, the 3D printing stock is up 10.8% through Oct. 4.
For context, last month shares of main rival 3D Systems (NYSE: DDD) gained 16.4% and the S&P 500 returned 1.9%. So far for the year, 3D Systems stock is down 22.7%, while the broader market has returned 19.6%.
Image source: Getty Images.
So what
There doesn't seem to be any company-specific news behind Stratasys stock's September decline. It's possible that some investors believed the stock didn't fall enough after the company released its second-quarter results on July 31.
In Q2, Stratasys' revenue slipped 4.1% year over year to $163.2 million, falling short of the $168.7 million Wall Street was expecting. Adjusted for one-time items, earnings per share (EPS) edged up 6.7% to $0.16, slightly topping the $0.15 consensus estimate.
Now what
Investors shouldn't have long to wait for material news. While the company hasn't yet announced a date, we can probably expect it to release its third-quarter results at the tail end of this month or very early next month. For Q3, the Street is expecting an exact replica of the year-ago period's headline numbers. Analysts are projecting adjusted EPS of $0.11 on revenue of $162 million, which are the same results Stratasys delivered in the third quarter of last year.
10 stocks we like better than Stratasys
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For context, last month shares of main rival 3D Systems (NYSE: DDD) gained 16.4% and the S&P 500 returned 1.9%. What happened Shares of Stratasys (NASDAQ: SSYS) fell 10.6% in September, according to data from S&P Global Market Intelligence. Adjusted for one-time items, earnings per share (EPS) edged up 6.7% to $0.16, slightly topping the $0.15 consensus estimate.
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For context, last month shares of main rival 3D Systems (NYSE: DDD) gained 16.4% and the S&P 500 returned 1.9%. It's possible that some investors believed the stock didn't fall enough after the company released its second-quarter results on July 31. In Q2, Stratasys' revenue slipped 4.1% year over year to $163.2 million, falling short of the $168.7 million Wall Street was expecting.
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For context, last month shares of main rival 3D Systems (NYSE: DDD) gained 16.4% and the S&P 500 returned 1.9%. 10 stocks we like better than Stratasys When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Stratasys wasn't one of them!
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For context, last month shares of main rival 3D Systems (NYSE: DDD) gained 16.4% and the S&P 500 returned 1.9%. So far for the year, 3D Systems stock is down 22.7%, while the broader market has returned 19.6%. So what There doesn't seem to be any company-specific news behind Stratasys stock's September decline.
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b3483439-229c-48be-9cb1-f01599e786b2
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716784.0
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2019-10-04 00:00:00 UTC
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Why 3D Systems Stock Gained More Than 16% in September
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-gained-more-than-16-in-september-2019-10-05
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What happened
Shares of 3D Systems (NYSE: DDD) gained 16.4% in September, according to data from S&P Global Market Intelligence. The 3D printing stock is down 22.7% in 2019 through Oct. 4.
For context, last month, shares of main rival Stratasys declined 10.6% and the S&P 500 returned 1.9%. For the year, Stratasys stock is up 10.8% and the broader market has returned 19.6%.
Image source: Getty Images.
So what
There seems to be no company-specific news behind 3D Systems stock's upward move last month. It seems probable that its rise is simply a partial bounce back after it got clobbered in August. Shares plummeted 22.4% in that month, which we can largely attribute to investors' displeasure with the company's second-quarter results. It's likely that some investors thought that pummeling was somewhat overdone.
As for 3D Systems' Q2 results, its revenue fell 10.9% year over year to $157.3 million, which included a 27% drop in 3D printer sales. Adjusted for one-time items, its earnings per share (EPS) came in at breakeven, down from $0.06 in the year-ago period. Wall Street had been looking for an adjusted loss of $0.04 per share on revenue of $160.7 million. So the company fell short on the top line but beat on the bottom line.
Now what
Investors shouldn't read too much into 3D Systems stock's September move as it doesn't seem to be based on anything material. Material news, however, is on the near-term horizon.
The company is slated to report its third-quarter results on Wednesday, Oct. 30, after the market closes. For Q3, Wall Street is currently expecting revenue to decline 8.1% year over year to $151.3 million and modeling for an adjusted loss of $0.05 per share, down from a gain of $0.02 in the year-ago period. For whatever it's worth, in the last two quarters, analysts' earnings projections have been off in a major way -- once way too high, once considerably too low.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD) gained 16.4% in September, according to data from S&P Global Market Intelligence. Shares plummeted 22.4% in that month, which we can largely attribute to investors' displeasure with the company's second-quarter results. Adjusted for one-time items, its earnings per share (EPS) came in at breakeven, down from $0.06 in the year-ago period.
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What happened Shares of 3D Systems (NYSE: DDD) gained 16.4% in September, according to data from S&P Global Market Intelligence. As for 3D Systems' Q2 results, its revenue fell 10.9% year over year to $157.3 million, which included a 27% drop in 3D printer sales. For Q3, Wall Street is currently expecting revenue to decline 8.1% year over year to $151.3 million and modeling for an adjusted loss of $0.05 per share, down from a gain of $0.02 in the year-ago period.
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What happened Shares of 3D Systems (NYSE: DDD) gained 16.4% in September, according to data from S&P Global Market Intelligence. For Q3, Wall Street is currently expecting revenue to decline 8.1% year over year to $151.3 million and modeling for an adjusted loss of $0.05 per share, down from a gain of $0.02 in the year-ago period. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Shares of 3D Systems (NYSE: DDD) gained 16.4% in September, according to data from S&P Global Market Intelligence. Now what Investors shouldn't read too much into 3D Systems stock's September move as it doesn't seem to be based on anything material. For Q3, Wall Street is currently expecting revenue to decline 8.1% year over year to $151.3 million and modeling for an adjusted loss of $0.05 per share, down from a gain of $0.02 in the year-ago period.
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716785.0
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2019-10-01 00:00:00 UTC
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5 Stocks Under $10 Worth the Risk
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https://www.nasdaq.com/articles/5-stocks-under-%2410-worth-the-risk-2019-10-01
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As Warren Buffett likes to say “Price is what you pay; value is what you get.” It’s the reason why Berkshire Hathaway (NYSE:) at $300,000 per share is actually cheap, while a $2 stock could be very expensive. But there can be value to be had in many low-priced stocks under $10. There can be plenty of great returns as well.
Need proof? Just take a look at the returns for the Fidelity Low-Priced Stock Mutual Fund (MUTF:FLPSX) over the long haul. Over the last ten years, FLPSX has managed to return nearly 13% annually. Before its recent closure, the Royce Low-Priced Stock Fund (MUTF:RLPHX) reported similarly high results.
The point is, low-price stocks can offer your portfolio a jolt and boost your overall returns.
The catch is in choosing the right stocks to buy. Generally, firms don’t see their share dwindle under a Hamilton for a reason. There are some big risks for low-priced stocks. From high debts and scandals to generalized poor performance, there are many pitfalls with these firms. However, selecting the right stocks to buy can help low price-seekers mitigate and limit these risks.
So, which are the best low-priced stocks under $10 to buy? Here are five that offer high rewards for their risks.
VEREIT Inc. (VER)
Most recent stock price: $9.74
Often legal troubles can push a stock’s price down to low-price territory. That has certainly been the case with real estate investment trust (REIT) VEREIT (NYSE:).
VER’s story starts with real estate mogul Nicholas Schorsch and American Realty Capital Properties. After combining a few various non-traded REITs, Schorsch launched publicly traded American Realty – with the combination becoming one of the largest single property REITs in the country. Even bigger than investor favorite Realty Income (NYSE:) in terms of the number of properties.
Then an hit. Several executives went to jail and VER stock sank hard. VER has been scraping the bottom ever since. But this is perhaps unfair.
Replacing management and changing the name to VEREIT, as well as a restatement of earnings, helped the firm get back on a fair footing. At the same time, the REIT has pruned its portfolio and moved into different property types such as warehouses. All of this has helped right the ship at VER. The best news for the firm came at the beginning of September when VEREIT was able to settle all its pending ligation into its
This is all wonderful news for VER and it can now get back to the business of running a real estate portfolio. And it runs it pretty well — Meanwhile, it pays a 5.65% dividend.
At $9.71 per share, VER could be of the best low-priced stocks under $10 to buy for income seekers.
3D Systems (DDD)
Most recent stock price: $8.21
Hop back in a time machine and set the dial to just a few years ago, and you’ll see one of the biggest trends in all of technology was 3D printing. The ability to create three-dimensional objects out of metals, plastics or even biopolymers was seen as revolutionary.
3D printing went from a niche hobby to a trend affecting everything from industrial manufacturing to healthcare. That sent stocks like leader 3D Systems (NASDAQ:) up to into the stratosphere. At one point, DDD stock was nearly $100 per share.
Today, not so much. A share of DDD can be bought for the cost of an extra value meal.
The problem is that DDD hasn’t lived up to the hype in recent years. and the firm continues to see losses at its operations in both GAAP and Adjusted earnings.
So why buy 3D Systems? Well, finally the long outlook matches a cheapness in shares. As 3D printing has gotten better and faster, more manufacturers are turning to it in their operations. Wohlers Associates estimates that worldwide 3D printing revenues will grow to Secondly, as one of the leaders in the sector, 3D Systems has one of the biggest caches of intellectual property around. And finally, the firm continues to move towards a “razor blade and handle” model to keep recurring revenues flowing. This has already shown up in its recent sales reports.
In the end, DDD stock is a stock under $10 for a reason. But so is the whole sector with rival Stratasys (NASDAQ:), which has also dropped like a stone in recent years. The long term picture for 3D printing is still rosy and shares may be worth a gamble today.
Sirius XM (SIRI)
Most recent stock price: $6.28
A blast from the past has never been more popular as a stock under $10. I’m talking about Sirius XM (NASDAQ:). It’s easy to forget about the paid satellite radio provider in this era of streaming music, but believe it or not, SIRI has never had this many subscribers before. At the end of June, the radio provider had more 34.3 million total subscribers to it platform.
The growth has come from its acquisition of streaming service Pandora and the fact that more traditional radio hasn’t been bleeding subscribers. The combination has actually worked well since its integration at the beginning of the year. Average revenue per user (ARPU) has risen 4% over the past year as SIRI has been able to pull more in from each of its subscribers. Better still is that the firm has been able to pass on higher music royalty rates to consumers. This has helped pad its bottom line and improve its margins.
All of this should continue down the road. With the addition of Pandora, Sirius now has the ability to upsell customers to both platforms and more full-featured service plans. Meanwhile, the streaming service addition has allowed the firm to “future-proof” its operations as connected cars, 5G, and continued streaming dominance does take hold.
With steady profitability and even a under its umbrella, SIRI is one of the low-priced stocks under $10 that is truly mispriced.
Kinross Gold (KGC)
Most recent stock price: $4.57
There are gold stocks under $10 as well. Global strife and worry are making some low-priced gold stocks shimmer once again. That includes former star Kinross Gold (NYSE:). Shares of KGC are up 50% year to date. However, it can still be had for less than $5 per share.
Kinross’s issues stem from the last period of gold exuberance. The high price for gold back during 2010-2011 sent many firms on huge acquisition sprees. This included KGC. Debt levels exploded and the resulting crash in gold price sent many stocks into the proverbial toilet. Since then, Kinross has scrapped the bottom of the barrel despite being one of the largest gold miners on the planet. But things could be different now.
For one thing, rising gold prices have boosted its bottom line. Even better is that it recently reported that its All-In Sustaining Cash Costs . That’s lower than predictions and the difference between the price of gold and that floor is all profit for a gold miner. Better still is that KGC plans on bringing its cash-costs down to just $730 for the rest of the year.
And the firm doesn’t seem to be falling into the high price trap of the previous boom. Recent expansion projects for Kinross have been to better position itself for the longer haul and not succumb to debt issues.
All in all, the stars are just aligning with Kinross for the first time in nearly a decade. To quote fellow InvestorPlace contributor Josh Enomoto, stock
General Electric (GE)
Most recent stock price: $8.96
Source: Jonathan Weiss / Shutterstock.com
I’d never thought I’d be writing about General Electric (NYSE:) on a stocks under $10 article, but here we. Truth be told, GE is a disaster. From fraud allegations to slowdowns in key businesses, General Electric is a shell of its former self. But it could be a big-time buy and things are getting better.
CEO Larry Culp is basically taking an ax to GE’s overall portfolio. Selling businesses, cutting costs, and transforming General Electric into a smaller version of itself. This includes GE of Baker Hughes (NYSE:) shares, culling its biotech division as well as getting rid of its aviation lending unit. Culp estimates that all these unit sales should bring in more than $38 billion into GE’s coffers. That will be used to reduce debt and shore up its balance sheet.
Meanwhile, its struggling and massive power division seems to be coming back. for turbines and other equipment have stabilized, while renewables and grid equipment realized large jumps. This could signal that the worst may be over for the division — socially with natural gas prices once again cratering.
The combination of asset removal and improving results at its remaining divisions should bode well for GE over the long haul. However, there are risks that remain — I’m looking at you GE Capital. But in the end, risks may seem contained and Culp is trying to get GE back on track.
As a low-priced stock of about $9 per share, GE stock may be worth a gamble for long-term investors today.
At the time of writing, Aaron Levitt did not hold a position in any stock mentioned.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) Most recent stock price: $8.21 Hop back in a time machine and set the dial to just a few years ago, and you’ll see one of the biggest trends in all of technology was 3D printing. At one point, DDD stock was nearly $100 per share. A share of DDD can be bought for the cost of an extra value meal.
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3D Systems (DDD) Most recent stock price: $8.21 Hop back in a time machine and set the dial to just a few years ago, and you’ll see one of the biggest trends in all of technology was 3D printing. At one point, DDD stock was nearly $100 per share. A share of DDD can be bought for the cost of an extra value meal.
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3D Systems (DDD) Most recent stock price: $8.21 Hop back in a time machine and set the dial to just a few years ago, and you’ll see one of the biggest trends in all of technology was 3D printing. At one point, DDD stock was nearly $100 per share. A share of DDD can be bought for the cost of an extra value meal.
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3D Systems (DDD) Most recent stock price: $8.21 Hop back in a time machine and set the dial to just a few years ago, and you’ll see one of the biggest trends in all of technology was 3D printing. At one point, DDD stock was nearly $100 per share. A share of DDD can be bought for the cost of an extra value meal.
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19faa145-e503-4b5c-9cea-5f310e273f5e
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716786.0
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2019-09-24 00:00:00 UTC
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Is 3D Systems Stock a Buy?
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DDD
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https://www.nasdaq.com/articles/is-3d-systems-stock-a-buy-2019-09-24
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nan
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nan
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After taking a cue from singer Prince and partying like it was 1999 earlier this decade, 3D Systems (NYSE: DDD) has been struggling since 2014. Shares of the diversified 3D printing company are down a whopping 83% over the last five years and are in the red 17% so far this year.
The future, however, remains very bright for 3D printing in general, which continues to make steady technological advances. As printing speeds increase and material availability expands, there are increasingly greater use cases for the technology. Indeed, leading industry analyst Wohlers Associates projects that worldwide 3D printing sales and services revenue will grow from $7.3 billion in 2017 to $35.6 billion by 2024.
Given the positive sector outlook and the fact that 3D Systems arguably has some valuable intellectual property, many investors are likely wondering: Is 3D Systems stock a buy?
Image source: Getty Images.
Why I would not currently buy 3D Systems stock
I just don't have a solid degree of confidence that the company's turnaround will be successful, at least any time relatively soon.
I only speak for myself, though, as 3D Systems stock is a buy recommendation in at least one of The Motley Fool's subscription services. Motley Fool contributors -- writers like myself -- are encouraged to have our own opinions -- and they don't always jibe with those of the stock analysts who choose stocks for our subscription services.
Here are several of my main concerns about 3D Systems:
It's been struggling to grow revenue.
It's not profitable -- not even on a non-GAAP (generally accepted accounting principles), or adjusted, basis.
Moreover, key profitability metrics -- gross margin and earnings per share (EPS) -- have generally been moving in the wrong direction.
Second-quarter results
Let's put some numbers next to these concerns by looking at the company's most recently reported quarterly results, which it released in early August. In Q2, 3D Systems' revenue dropped 10.9% year over year to $157.3 million. This surely disappointed most investors, as Wall Street was modeling for revenue of $160.7 million. For some context, the company's archrival Stratasys (NASDAQ: SSYS) -- which has a very similar business and is roughly the same size -- posted a second-quarter revenue decline of just 4.1% year over year.
Moving to profitability metrics: In Q2, 3D Systems' GAAP loss ballooned to $23.9 million, or $0.21 per share, from $8.9 million, or $0.08 per share, in the second quarter of last year. On an adjusted basis, it turned in a net loss of $0.6 million, or $0.00 per share, down from net income of $6.2 million, or $0.06 per share, in the year-ago period.
Stratasys, meanwhile, posted profits on both a GAAP and an adjusted basis. Moreover, 3D Systems' gross margins declined year over year. Its GAAP gross margin was 46.6%, down from 48.8%, and its adjusted gross margin came in at 47.4%, down from 48.9%.
Better ways to invest in 3D printing
Investors who are determined to invest in 3D printing now might want to further explore these other stocks:
Stratasys: Like 3D Systems, Stratasys is a pure play on 3D printing. It sells 3D printers, materials, and software and provides 3D printing services. Its results have generally been notably better than its rival's. That's not to say they've been good, however, as this company is also in turnaround mode.
Proto Labs (NYSE: PRLB): Proto Labs is a quick-turn manufacturing service provider. It uses both traditional manufacturing techniques and 3D printing to produce custom plastic and metal prototypes and short-production-run parts. Its quarterly results have generally been good in recent years.
Companies that use 3D printing in their operations: Two top companies in this category are Align Technology (NASDAQ: ALGN) and Adidas (OTC: ADDYY). Align's business was built on 3D printing, as it uses the technology to produce customized clear plastic dental aligners. Thanks to a partnership with venture-funded 3D printing company Carbon, Adidas has increased its use of 3D printing to make athletic shoes and envisions a future in which it will use the tech to produce customized shoes for the mass market.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Align Technology and Proto Labs. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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After taking a cue from singer Prince and partying like it was 1999 earlier this decade, 3D Systems (NYSE: DDD) has been struggling since 2014. Why I would not currently buy 3D Systems stock I just don't have a solid degree of confidence that the company's turnaround will be successful, at least any time relatively soon. Moreover, key profitability metrics -- gross margin and earnings per share (EPS) -- have generally been moving in the wrong direction.
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After taking a cue from singer Prince and partying like it was 1999 earlier this decade, 3D Systems (NYSE: DDD) has been struggling since 2014. Moving to profitability metrics: In Q2, 3D Systems' GAAP loss ballooned to $23.9 million, or $0.21 per share, from $8.9 million, or $0.08 per share, in the second quarter of last year. Moreover, 3D Systems' gross margins declined year over year.
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After taking a cue from singer Prince and partying like it was 1999 earlier this decade, 3D Systems (NYSE: DDD) has been struggling since 2014. I only speak for myself, though, as 3D Systems stock is a buy recommendation in at least one of The Motley Fool's subscription services. Moving to profitability metrics: In Q2, 3D Systems' GAAP loss ballooned to $23.9 million, or $0.21 per share, from $8.9 million, or $0.08 per share, in the second quarter of last year.
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After taking a cue from singer Prince and partying like it was 1999 earlier this decade, 3D Systems (NYSE: DDD) has been struggling since 2014. Motley Fool contributors -- writers like myself -- are encouraged to have our own opinions -- and they don't always jibe with those of the stock analysts who choose stocks for our subscription services. Thanks to a partnership with venture-funded 3D printing company Carbon, Adidas has increased its use of 3D printing to make athletic shoes and envisions a future in which it will use the tech to produce customized shoes for the mass market.
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2019-09-15 00:00:00 UTC
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3D Systems vs. Stratasys: Which Had the Better Q2 Earnings Results?
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DDD
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https://www.nasdaq.com/articles/3d-systems-vs.-stratasys%3A-which-had-the-better-q2-earnings-results-2019-09-15
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We're going to compare 3D Systems' (NYSE: DDD) and Stratasys' (NASDAQ: SSYS) second-quarter results, which they reported earlier this summer. (3D Systems here and Stratasys here).
Keep in mind that qualitative factors can be just as meaningful as quantitative ones and we're just looking at one quarter. Even with these caveats, however, the findings from this metric face-off should help you make investing decisions in the 3D printing space.
Image source: Getty Images.
Revenue
Data sources: company earnings reports.
Advantage: Stratasys.
Neither company is performing well from a revenue standpoint, as they both experienced year-over-year revenue contractions. That said, Stratasys performed better than its rival since its revenue decline was less steep. Both companies have been struggling to grow sales over the last few years.
Stratasys' revenue performance wasn't quite as weak as suggested by the numbers above. "After adjusting for the sales of our divested entities during 2018, total revenue decreased 2% for the quarter," CFO Lilach Payorski said on the earnings call.
GAAP earnings per share (EPS)
Data sources: company earnings reports. GAAP = generally accepted accounting principles.
Advantage: Stratasys.
Stratasys is the clear winner here. It posted positive GAAP earnings, while 3D Systems posted a loss. Moreover, its loss widened from the year-ago period.
Adjusted EPS
Data sources: company earnings reports.
Advantage: Stratasys.
Once again, Stratasys is the victor. Its non-GAAP, or adjusted, profitability increased a little from the year-ago quarter, while 3D Systems just broke even.
Image source: Stratasys.
GAAP gross margin
Data sources: company earnings reports.
Advantage: Stratasys.
Yep, Stratasys takes the crown again. Its GAAP gross margin was more than 3-percentage points higher than 3D Systems.'
On a positive note, 3D Systems' gross margin did at least improve quite solidly -- more than 3 percentage points -- from the first quarter.
A higher gross margin relative to a competitor can reflect better operating efficiency and/or stronger pricing power.
Liquidity -- net cash on hand and operating cash flow
Data sources: company earnings reports.
Advantage: tie.
I'm calling this one a draw since each company won one aspect of this category. Stratasys has much more cash than 3D Systems, which could give it an advantage with respect to things like acquisitions and research and development spending.
3D Systems, however, generated cash in the quarter, while Stratasys used cash in its operations. This is a flip-flop from recent quarters. In the first quarter, 3D Systems gobbled up $15.2 million in cash in its operations and Stratasys spewed off cash.
Research and development spending
Data sources: company earnings reports.
Advantage: tie.
I'm also calling this one a tie, since the two 3D printing companies are spending a fairly similar absolute amount and percentage of their total revenue on R&D.
Investors should watch this category. Investing in innovation is critical for companies in the technology realm. We don't want to see either company cut back much on R&D in an effort to increase earnings and generate cash.
2019 guidance
Data sources: Q4 2018 earnings reports and conference calls.
Advantage: N/A.
As with 2018, 3D Systems didn't provide guidance for 2019.
The winner is... Stratasys
Image source: Getty Images.
Final score: Stratasys: 4; 3D Systems: 0; tie or N/A: 3.
Keep in mind the caveats I mentioned: Qualitative factors can be as important as quantitative ones, and we examined only one quarter's results. Moreover, we didn't look at stock valuations.
As to their stocks, perhaps not surprisingly given the results of this face-off, Stratasys has been clobbering 3D Systems. Its shares have gained 36% so far in 2019 through Sept. 13, while shares of 3D Systems are down 16.5%. The S&P 500 has returned 21.7% over this period.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We're going to compare 3D Systems' (NYSE: DDD) and Stratasys' (NASDAQ: SSYS) second-quarter results, which they reported earlier this summer. "After adjusting for the sales of our divested entities during 2018, total revenue decreased 2% for the quarter," CFO Lilach Payorski said on the earnings call. I'm also calling this one a tie, since the two 3D printing companies are spending a fairly similar absolute amount and percentage of their total revenue on R&D.
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We're going to compare 3D Systems' (NYSE: DDD) and Stratasys' (NASDAQ: SSYS) second-quarter results, which they reported earlier this summer. GAAP earnings per share (EPS) Data sources: company earnings reports. GAAP gross margin Data sources: company earnings reports.
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We're going to compare 3D Systems' (NYSE: DDD) and Stratasys' (NASDAQ: SSYS) second-quarter results, which they reported earlier this summer. GAAP earnings per share (EPS) Data sources: company earnings reports. 3D Systems, however, generated cash in the quarter, while Stratasys used cash in its operations.
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We're going to compare 3D Systems' (NYSE: DDD) and Stratasys' (NASDAQ: SSYS) second-quarter results, which they reported earlier this summer. (3D Systems here and Stratasys here). GAAP gross margin Data sources: company earnings reports.
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af819145-1610-4b3c-aa47-c510ebbae80a
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716788.0
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2019-09-09 00:00:00 UTC
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Aurora Cannabis Stock: Pot and the Hype Cycle
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DDD
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https://www.nasdaq.com/articles/aurora-cannabis-stock%3A-pot-and-the-hype-cycle-2019-09-09
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Technology reporters often use the Gartner (NYSE:) Hype Cycle to describe how the market adapts to new technologies.
Source: ElRoi / Shutterstock.com
In the Hype Cycle, a peak of inflated expectations is followed by a trough of disillusionment, then a gradual slope of enlightenment toward a plateau of productivity.
The measurements of the Hype Cycle are inexact. The trough may be short-lived and the plateau high, as it was with the internet 20 years ago. Or the trough may be very long and the plateau low, as companies like 3D Systems (NYSE:) are finding five years after 3D printing peaked.
Aurora Cannabis (NYSE:) and other marijuana stocks are now in the trough. They peaked almost a year ago. The market has developed more slowly than they anticipated.
The question is whether we’re looking at another internet crash-and-boom, or another 3D printing disaster.
The Pot Bust and ACB Stock
Even at its Sept. 6 opening price of $5.93 per share and a market cap of $5.9 billion, the ACB stock price still reflects great expectations. Trailing year sales are just $166 million. The last year shows more losses ($210 million) than sales.
Yet there is a lot of pessimism among investors. Our Faisal Humayun says it’s to buy. The big growers are still finding it hard to move the product. Aurora alone has 625,000 kilograms of growing capacity per year.
Faisal is not alone. Other analysts also consider Aurora
Despite growing moves to legalize marijuana there is still a Wild West aspect to the market. People vaping the stuff because they don’t know how to use it. Even if you treat pot the way you do alcohol, there’s still a law enforcement system to ramp up. The law itself remains a patchwork. It’s still technically classed with heroin on a federal level, but it’s perfectly fine in many states.
The most important asset marijuana companies like Aurora Cannabis would seem to need today is time. Time for the law to settle and for supply and demand in Canada (where pot has been legal for almost a year) . It also needs time for the U.S. market to develop.
Aurora’s Big Move
This brings us to
It sold its holdings in another pot company, Green Organic Dutchman (TSZ:), at $3 per share, netting over $86 million from over 28 million shares. ACB still holds warrants on over 16 million shares, but the cash is the key.
The cash, along with $149 million in cash and short-term investments , buys Aurora time to wait on the market. While rival Canopy Growth (NYSE:) is now down for the year, Aurora stock is up about 10%.
Aurora is next due to announce earnings Sept. 11, with a loss of about $20 million or 2 cents per share expected Since August marks the fourth quarter of Aurora’s fiscal year, it means earnings are down year-over-year, but revenue is up 432%.
Bottom Line on Aurora Cannabis Stock
Financial sustainability is the name of the game as marijuana growers navigate the trough of disillusionment. The short-term looks dark, but as Luke Lango observes,
Aurora now has cash to burn through the market’s night and stable management under co-founder Terry Booth. Rival has jettisoned its founding managers under the guidance of liquor company Constellation Brands (NYSE:).
To those who like pot stocks this makes Aurora Were I a speculator I might throw a few Loonies at it. But with my retirement money on the line I’ll leave that to younger folks.
is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Source: ElRoi / Shutterstock.com In the Hype Cycle, a peak of inflated expectations is followed by a trough of disillusionment, then a gradual slope of enlightenment toward a plateau of productivity. Bottom Line on Aurora Cannabis Stock Financial sustainability is the name of the game as marijuana growers navigate the trough of disillusionment. The short-term looks dark, but as Luke Lango observes, Aurora now has cash to burn through the market’s night and stable management under co-founder Terry Booth.
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Or the trough may be very long and the plateau low, as companies like 3D Systems (NYSE:) are finding five years after 3D printing peaked. The cash, along with $149 million in cash and short-term investments , buys Aurora time to wait on the market. Bottom Line on Aurora Cannabis Stock Financial sustainability is the name of the game as marijuana growers navigate the trough of disillusionment.
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Aurora’s Big Move This brings us to It sold its holdings in another pot company, Green Organic Dutchman (TSZ:), at $3 per share, netting over $86 million from over 28 million shares. The cash, along with $149 million in cash and short-term investments , buys Aurora time to wait on the market. Aurora is next due to announce earnings Sept. 11, with a loss of about $20 million or 2 cents per share expected Since August marks the fourth quarter of Aurora’s fiscal year, it means earnings are down year-over-year, but revenue is up 432%.
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Or the trough may be very long and the plateau low, as companies like 3D Systems (NYSE:) are finding five years after 3D printing peaked. Aurora’s Big Move This brings us to It sold its holdings in another pot company, Green Organic Dutchman (TSZ:), at $3 per share, netting over $86 million from over 28 million shares. The cash, along with $149 million in cash and short-term investments , buys Aurora time to wait on the market.
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06bdcb20-4cf2-4e1e-a03b-7b049c85a1d3
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716789.0
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2019-09-04 00:00:00 UTC
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Why 3D Systems Stock Plunged 22% in August
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-plunged-22-in-august-2019-09-04
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What happened
Shares of 3D Systems (NYSE: DDD) plummeted 22.4% in August, according to data from S&P Global Market Intelligence. The stock is down 32% in 2019 through Sept. 3.
For context, shares of main rival Stratasys declined 14.6% in August, so it was a bad month for the leading pure-play 3D printing stocks. However, Stratasys stock is still up 30.2% so far this year. The S&P 500, including dividends, fell 1.6% in August and has returned 17.5% in 2019.
Image source: Getty Images.
So what
We can attribute 3D Systems stock's poor performance last month largely to the company's Aug. 7 release of its second-quarter results, which were worse on the top line than Wall Street and many investors were expecting. Shares plunged 14.1% on the day following the release.
In Q2, 3D Systems' revenue fell 10.9% year over year to $157.3 million, led by a 27% drop in 3D printer sales. Adjusted for one-time items, the South Carolina-based company's bottom line came in at breakeven, down from $0.06 in the year-ago period. Wall Street analysts had been looking for an adjusted loss of $0.04 per share on revenue of $160.7 million. So, 3D Systems beat the profit consensus estimate, but fell short on the top line.
On the positive side, the company showed a sequential improvement on the cash generation front. In the second quarter, it generated $18.7 million in cash from operations, whereas in the first quarter it gobbled up $15.2 million of cash in its operations.
Now what
3D Systems' revenue drop accelerated sequentially in the second quarter and its adjusted bottom line worsened on a year-over-year basis. Unless and until the company demonstrates some solid signs of a turnaround, most investors should wait on the sidelines.
10 stocks we like better than 3D Systems
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD) plummeted 22.4% in August, according to data from S&P Global Market Intelligence. For context, shares of main rival Stratasys declined 14.6% in August, so it was a bad month for the leading pure-play 3D printing stocks. So what We can attribute 3D Systems stock's poor performance last month largely to the company's Aug. 7 release of its second-quarter results, which were worse on the top line than Wall Street and many investors were expecting.
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What happened Shares of 3D Systems (NYSE: DDD) plummeted 22.4% in August, according to data from S&P Global Market Intelligence. In Q2, 3D Systems' revenue fell 10.9% year over year to $157.3 million, led by a 27% drop in 3D printer sales. Now what 3D Systems' revenue drop accelerated sequentially in the second quarter and its adjusted bottom line worsened on a year-over-year basis.
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What happened Shares of 3D Systems (NYSE: DDD) plummeted 22.4% in August, according to data from S&P Global Market Intelligence. So what We can attribute 3D Systems stock's poor performance last month largely to the company's Aug. 7 release of its second-quarter results, which were worse on the top line than Wall Street and many investors were expecting. 10 stocks we like better than 3D Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Shares of 3D Systems (NYSE: DDD) plummeted 22.4% in August, according to data from S&P Global Market Intelligence. The stock is down 32% in 2019 through Sept. 3. However, Stratasys stock is still up 30.2% so far this year.
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716790.0
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2019-08-09 00:00:00 UTC
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3D Systems Corp (DDD) Q2 2019 Earnings Call Transcript
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DDD
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https://www.nasdaq.com/articles/3d-systems-corp-ddd-q2-2019-earnings-call-transcript-2019-08-09
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Image source: The Motley Fool.
3D Systems Corp (NYSE: DDD)
Q2 2019 Earnings Call
Aug. 07, 2019, 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good afternoon and welcome to 3D Systems Conference Call and Audio Webcast to discuss the Results of the Second Quarter of 2019. My name is Jeremy, and I will facilitate the audio portion of today's interactive broadcast. [Operator Instructions]
At this time, I would like to turn the call over to Stacey Witten, Vice President, Investor Relations, 3D Systems.
Stacey Witten -- Vice President, Investor Relations
Good afternoon, and welcome to 3D Systems conference call. I'm Stacey Witten. And with me on the call are Vyomesh Joshi, our President and Chief Executive Officer; John McMullen, Executive Vice President and Chief Financial Officer; and Rebekah Toton, Assistant General Counsel.
The webcast portion of this call contains a slide presentation we'll refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website. Participants who would like to ask questions at the end of the session related to matters discussed in this conference call, should call in using the phone numbers provided on this slide and in the press release that we issued today. For those who have access to the streaming portion of the webcast, please be aware there may be a few second delay and you will not be able to post questions via the web.
The following discussion and responses to your questions reflect management's views as of today only, and will include forward-looking statements as described on this slide. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and our filings with the SEC, including our most recent annual report on Form 10-K.
During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our Investor Relations website, you will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures to comparable GAAP measures. Finally, unless otherwise stated, all comparisons of this call will be against our results for the comparable period of 2018.
Now, I'm pleased to turn the call over to Vyomesh Joshi, our CEO. VJ?
Vyomesh I. Joshi -- President & Chief Executive Officer
Thanks, Stacey. Good afternoon, everyone. GAAP revenue in the second quarter was $157.3 million and non-GAAP revenue was $156.4 million, and printer unit sales increased 46.4% from the prior year. Expected revenue headwinds continued this quarter based on the ordering patterns of a large enterprise customer, and the pause we have taken on factory metal systems as we complete technical enhancements to ensure the quality and reliability levels meet our expectations for high volume production environments. Additionally, we saw weaker macroeconomic conditions, particularly in Europe and the automotive sector, impacting both printer shipments and our on-demand services.
Overall, our new products continue to be well received and we are on track to begin shipping exciting new production materials during the second half of this year, which we believe will significantly expand our growth opportunities, in plastic printers going forward. Although, we did not ship DMP factory metal systems during the quarter, we are making good progress on the technical enhancements. And we continue to see solid demand and positive customer feedback for our DMP Flex 350 systems. Gross profit margin improved sequentially for the second quarter, as a result of lower cost of sales and revenue mix.
Operating expenses declined as a result of our cost reduction plans, beginning to take hold as discussed over the past couple of quarters. I am pleased with our progress here, and we will continue to be laser-focused on cost reduction opportunities in the second half, to offset short-term revenue headwinds, while at the same time moving to an appropriate cost structure for the long term. For the second quarter of 2019, we reported non-GAAP earnings of $0.00 per share, and GAAP loss of $0.21 per share.
Now, let me turn it over to John to discuss more details on the second quarter of 2019. John?
John N. McMullen -- Executive Vice President, Chief Financial Officer
Thanks, VJ. Good afternoon, everyone. For the second quarter, we reported GAAP revenue of a $157.3 million, a decrease of 10.9% compared to the second quarter of 2018. GAAP gross profit margin was 46.6% compared to 48.8% in the second quarter of 2018. GAAP operating expenses decreased 1.5% to $92.5 million. We reported a GAAP loss of $0.21 per share in the second quarter of 2019 compared to a loss of $0.08 per share in 2018. We reported non-GAAP earnings of $0.00 per share in the second quarter of 2019 compared to $0.06 per share in the second quarter of 2018.
During the second quarter, printer unit sales increased 46.4% driven primarily by sales of our Figure 4 platform. Printer revenue decreased 27.4% to $30 million driven by year-over-year timing of a large enterprise customer's orders, our decision not to ship DMP factory solutions during the quarter, and the softer macroeconomic industrial environment. Printer unit sales, revenue mix and overall average selling price will likely continue to fluctuate, as we ramp sales of new products, at a wide range of prices, and as macro uncertainty and current slowdown in large capital purchases continues.
Materials revenue decreased 8.5% to $41.2 million in the second quarter. As we discussed last quarter, we have been experiencing a decline in legacy materials at a faster rate than materials growth related to core and new systems. We continue to believe those trends begin to flip this year, and that we expect to have year-over-year materials growth in the second half of 2019.
Healthcare services and simulation revenue increased, but the impact of the large customer's order timing offset those increases, and total healthcare revenue decreased 8.1% to $56.4 million. Excluding the large enterprise customer's orders from each year, healthcare revenue increased 11.4%. We continue to be pleased with the overall demand trends for healthcare, including our NextDent 5100 3D printer.
On-demand manufacturing revenue decreased 12.4% to $24 million in the quarter. As we discussed last quarter, we expected headwinds through the second quarter related to the business adjustments connected to export compliance and outsourcing changes. We also experienced additional weakness from automotive and European customers in the second quarter.
Software revenue, including haptics and scanners, decreased 0.5% to $25.1 million in the second quarter primarily as a result of lower Symmetron product revenue driven by weakness in automotive. While quarterly performance may fluctuate, we continue to expect growth from software long-term and are taking actions to improve software growth rates and enhance our software portfolio. Despite the revenue headwinds we are currently experiencing, we continue to expect long-term growth in printers, materials, healthcare and software.
We reported GAAP gross profit margin of 46.6% in the second quarter of 2019, a 220 basis point decrease from the prior year. Non-GAAP gross profit margin in the second quarter of 2019 was 47.4%, a 150 basis point decrease from the prior year, but a 320 basis point improvement sequentially, as a result of revenue mix and improved cost absorption.
We continue to drive supply chain optimization, manufacturing efficiencies and process improvements, but with inventory reduction actions and lower production plans at our manufacturing facilities, we continue to expect gross profit margins to be in the mid-40s range throughout the balance of this year.
GAAP operating expenses for the quarter were $92.5 million, a decrease of 1.5% compared to the second quarter of 2018, including a 0.7% increase in SG&A expenses and an 8.4% decrease in R&D expenses. Non-GAAP operating expenses in the second quarter were $71.7 million, a 9.3% decrease from the second quarter of the prior year, and a 1.7% decrease sequentially. We are beginning to see the results of the actions we are taking to accelerate cost reductions, and lower overall cost structure.
Compared to the 2018 quarter, non-GAAP SG&A expenses decreased 9.3% to $51.2 million. Non-GAAP R&D expenses decreased 9.2% to $20.5 million. While there is continued uncertainty in the macroenvironment, we are focused on what we can control, reducing our cost structure by continuing to drive efficiencies, lower headcount, and reduced cost of sales and operating expenses, while prioritizing investments to drive profitable growth. With these actions going forward, we expect to keep non-GAAP operating expenses relatively flat.
We generated $18.7 million of cash in operations during the second quarter. We ended the quarter with $150.4 million of unrestricted cash on hand. We improved working capital performance during the second quarter, including improved DPO and DSO, while at the same time reducing aggregate inventory levels. We also reduced cash capital spending during the second quarter to $5.6 million, and expect to keep this lower rate of capex throughout the second half of 2019. While cash use and generation will continue to fluctuate from period-to-period, we are very pleased with the cash results for the second quarter. We will continue reducing our operating spend levels, improving working capital performance, and tightly managing capital expenditures driving for organic free cash flow going forward.
With that, I'll turn the call back to VJ. VJ?
Vyomesh I. Joshi -- President & Chief Executive Officer
Thanks, John. We remain confident in the long-term market opportunities we see for the Company, and are pleased with the early progress we are making with our cost structure. We remain very focused on the bottom line performance of the Company, given short-term revenue headwinds, but we are also optimistic for future growth.
Our expanded hardware portfolio has been well-received, and we are in the process of launching a number of new, and very innovative materials in support of production solutions, but at the same time, focusing even more on our software capabilities to drive true workflow solutions. We are on track to take out an additional $10 million to $15 million of operating expense in 2019 on top of our original plans for this year, as discussed in our lastearnings call
We also recently concluded the sale of the entertainment business. The leaders of entertainment division have left 3D Systems to continue to run the business as an independent company, and we wish them all the best and look forward to partnering with them in the future.
In closing, we remain confident in our broad portfolio of additive capabilities, workflow solutions and overall market opportunities and we remain keenly focused on executing on our strategy, reducing cost, and driving long-term profitable growth.
And with that, I would like to turn the call back to Stacey, who will open the floor for questions. Stacey?
Stacey Witten -- Vice President, Investor Relations
Thanks, VJ. We will now open the call to questions. We ask you to limit yourself to one question, and one follow-up, thus allowing others to participate in the discussion. As a reminder, please direct all questions to the teleconference portion of this call. The telephone numbers are provided again on the slide. If you're calling inside the US, the number is 1-877-407-8291, and if you're calling outside the US, the number is 1-201-689-8345.
Questions and Answers:
Operator
At this time, we will be conducting a question-and-answer session. [Operator Instructions] Our first question comes from the line of Ananda Baruah from Loop Capital Markets. Please proceed with your question.
Vyomesh I. Joshi -- President & Chief Executive Officer
Hey, Ananda.
Ananda Baruah -- Loop Capital Markets -- Analyst
Hey. Good afternoon, guys. Appreciate the questions. I guess both of mine will be demand related. Could you guys talk to how you've seen the demand environment shift over the last 90 days? So what's incremental, that's the first part. I'll ask the second part at the same time. And despite sort of saying weaker macro, you still put up a seasonal type quarter and are you expecting similar typical seasonal patterns in the September and Decembers quarters? Those are my two questions. Thanks.
Vyomesh I. Joshi -- President & Chief Executive Officer
Yes. I think, first answering the last question, yes, we are expecting the seasonal, the third and fourth quarter. As far as the macro, what we are seeing, especially in Europe, we are seeing weakness in automotive sector, and even in automotive sector in China and India also, we are seeing weakness. And that impacts both, our printers and on-demand printing, the ODM business. We really feel that these uncertainties, we need to really to focus on our cost structure and the cash generation.
Ananda Baruah -- Loop Capital Markets -- Analyst
Okay, great. Thank you. Thanks a lot.
Operator
Our next question comes from the line of Jim Ricchiuti from Needham & Company. Please proceed with your question.
Vyomesh I. Joshi -- President & Chief Executive Officer
Hi, Jim.
Jim Ricchiuti -- Needham & Company -- Analyst
Thank you, good afternoon. Hi, VJ. So, I think, we're hearing quite a bit of commentary around Europe from other companies, but if I look at your geographic regions, it looks like the US was down more and Asia posted the biggest decline. So I wonder, if you can talk a little bit about what's contributing to the weakness in those two regions? Thanks.
Vyomesh I. Joshi -- President & Chief Executive Officer
So, I think the first thing that we had already mentioned in last quarter call, one of the biggest headwind we have is, our this big enterprise customer. And that customer bought equipment to place in Asia and in Americas, and not in Europe. So, now you have that headwind, which will really drive the Americas and Asian revenue decline in hardware. In Europe, because our healthcare is doing well, especially our dental printer and the overall healthcare business, like the medical simulator, which is based on Europe, that's growing. And when you have that growth offset by weakness in Europe with ODM and our printer hardware is a reasons you are seeing that kind of a mix regionally for the Company.
Jim Ricchiuti -- Needham & Company -- Analyst
I'm not sure you can answer this, you did it in your discussion around healthcare specifically, but if you look at the US and Asia Pacific regions, and parse out the revenue from this large customer, what are we looking at in terms of the business trends?
Vyomesh I. Joshi -- President & Chief Executive Officer
Well, so the business trend in Asia is weak, because as I said earlier, China, India and the overall automotive sector in China is -- and the trade tariffs also is really impacting our Asian business. In Americas, I think, because the growth -- generally it comes from our software and the healthcare in Europe, that's what is offsetting. So, if you take out -- if you just take a step back and look at our printers and materials business without the big enterprise account, Americas is better than Europe and Asia.
Jim Ricchiuti -- Needham & Company -- Analyst
Okay. That's helpful. Thank you.
Operator
Our next question comes from the line of Wamsi Mohan from Bank of America Merrill Lynch. Please proceed with your question.
Vyomesh I. Joshi -- President & Chief Executive Officer
Hello, Wamsi.
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
Hi, yes, -- hey, VJ. If we look at the materials trajectory comments, right, I mean down 8% in revenues and volumes were down over 11%. What is accounting for that sharp drop-off? And I know you made some comments about that turning around in the back half, so can we also get a look in this quarter of how much the drive of these legacy products was and what the underlying trajectory is, excluding that?
Vyomesh I. Joshi -- President & Chief Executive Officer
Yes, I think we are feeling very comfortable that it will flip in second half of 2019 because when we look at our installed base of legacy and the new printers, and where we see the materials coming from those printers, because that's very important to really understand the installed base and really understand where the materials revenue is coming from. Starting third quarter and then really getting into 2020, we think that it will really be a very different kind of a profile of our materials mix, which will come more from our core and new products versus legacy. And that gives us the confidence that will flip starting in second half and continuing 2020.
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
VJ, can you just clarify that currently in the -- in this current quarter that you just reported, what is the -- what's the rough size of maybe the materials revenue that's coming from legacy versus the...
Vyomesh I. Joshi -- President & Chief Executive Officer
We are not breaking that down. Yes, I understand, Wamsi, but I really believe that the way we look at our current materials mix, we feel very comfortable that we are going to show the growth in second half.
John N. McMullen -- Executive Vice President, Chief Financial Officer
Last quarter, Wamsi, we kind of talked about that crossover, right. We are seeing growth in our core and new products materials. It's just a question of the crossover. And so the confidence comes from our ability to see both parts of the equation.
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
Okay. Then just on opex if I could also ask, you guys obviously did a great job here in the quarter in sort of managing that opex in this tough revenue and macro environment. I heard that you were going to keep opex relatively flat from these current levels. Is that the right way to think about it into the back half? So...
John N. McMullen -- Executive Vice President, Chief Financial Officer
Yeah, that's right, Wamsi. We said relatively flat. I mean -- we've -- it's two -- we've got two things going on. From an operating expense point of view, we're driving some actions, continue to work hard on all the global functions where we see the opportunity. We're reducing headcount and perhaps more important longer-term, we're driving more simplicity from a structural point of view. In the R&D side of the world, and I think we talked about this last quarter, we really front-end loaded and compressed a lot of development efforts for all the products that we put out over the last 12 months to 18 months.
So there's a natural fall off from an R&D point of view and our focus really this year has been on materials development. We mentioned that that because we're making good progress, as well as in the software space. So R&D has kind of fallen off naturally, but we're also looking at ways to be more efficient there. So the flattish is, typically we would see an uptick in the second half opex with our seasonal revenue patterns, but we believe the actions that we're doing, continue to do throughout the second half and beyond, will enable us to stay relatively flat.
Vyomesh I. Joshi -- President & Chief Executive Officer
So, as we talked about in the last quarter call, we are simplifying the organization with the two business models. So this is very, very important for the Company. And when you simplify, you're able to take cost out throughout the Company, especially in SG&A. So, the approach that we're taking is really developing those platforms, and now focusing on the annuity stream-based materials and software R&D. And then simplifying the Company, so that we can take the parts out of SG&A. And that is the real result that we got 9% reduction in year-over-year, and we just need to continue to do that.
Operator
Our next question comes from the line of Troy Jensen from Piper Jaffray. Please proceed with your question.
Vyomesh I. Joshi -- President & Chief Executive Officer
Hey, Troy.
Troy Jensen -- Piper Jaffray -- Analyst
Thank you for taking my questions. Hi, VJ. Hi, John. Hey, can you talk a little bit about the new materials? I thought that was pretty interesting. Is there anymore you can say about it? And I just have one follow-up on that.
Vyomesh I. Joshi -- President & Chief Executive Officer
So the new materials that we are developing, our focus is on production. We absolutely believe that with our Figure 4 platform, when you have the right materials, and the right platform, and the right kind of software, we are seeing incredible pickup in the market, like dental products. So we believe now for our stand-alone and our modular product, we are going to introduce new products and materials, like a tough black material, which will have capability with the UV stability. And we could use for the end user part. It will help biocompatible materials that we are introducing, which I absolutely believe with our healthcare focus, will be very important for our products. We are also introducing high-temperature materials so that we will be able to go in the automotive market for under the hood applications. And we absolutely believe we are going to have world-leading production materials for these kind of use cases. So this is, what I absolutely believe was the potential for our Figure 4 platform, and we started with our dental materials and now introducing these new production materials, really sets up very well in 2020.
Troy Jensen -- Piper Jaffray -- Analyst
Okay, perfect. And then, a quick one for John. Just on the gross margins, they upped a lot here, despite materials declining as a percentage of revenues. So, can you go through just little bit more detail, what drove such strong gross margins?
John N. McMullen -- Executive Vice President, Chief Financial Officer
Yes. We had a very strong sequential improvement. And clearly, part of that is sequentially from Q1 to Q2, there were some mixed elements that helped us out. And materials stayed relatively stable from gross margin point of view quarter-to-quarter, a little bit down. But we also, we've also been very focused very hard over the last six months to nine months, Phil Schultz and his team, on driving down some of the fixed cost elements in the supply chain that were causing us to have under absorption issues. Certainly, the ones we saw in Q1. So it's a two things. It's mix, but it's also some good cost work by folks, based on lower volumes that we're putting through. And so -- it's a little bit of a balancing act right now, because we're trying to being inventory down at the same time, which can work against you because you're not utilizing those supply chain resources. But I think the team did a really good job in Q2. We put, for the second half, we set an expectation of mid-40s. I don't want us to get ahead of ourselves relative to what we saw in Q2, and we'll see how Q3 plays out, but we made some good progress.
Vyomesh I. Joshi -- President & Chief Executive Officer
Again, when we look at our cost structure work, we look at both opex and cost of sales. And I think, it's very important for us to continue to focus on cost of sales and cash, when we think about from the manufacturing point of view.
Troy Jensen -- Piper Jaffray -- Analyst
Okay, understood. Good luck in the second half.
Operator
Our next question comes from the line of Greg Palm from Craig-Hallum. Please proceed with your question.
Greg Palm -- Craig-Hallum -- Analyst
Yes. Thanks. I guess, starting with the large enterprise customer by our math, it was down something like 30% or 35% year-over-year. That's our estimate. I don't know if you're willing to bless that. But, what are your expectations there for the second half? And I guess, is your outlook of that customer base changed at all, given some of their own recent commentary?
Vyomesh I. Joshi -- President & Chief Executive Officer
No, I think that customer is still printing 0.5 million 3D printed parts a day. So we think that that customer is still doing really well. There is always going to be that seasonality when they will be buying the capacity for getting the new factory done. And I think that's the headwind that we will have some of that in second half. And the important part for us is they are printing with the more than 0.5 million parts every day, which will help us also in our materials growth.
Greg Palm -- Craig-Hallum -- Analyst
Okay. \Fair enough. And then just going through the Q, it looked like you received a notice related to the export compliance item that you've been dealing with, but requiring immediate suspension of contracts with the Air Force. How much revenue is it going to impact, I mean, how big of a customer are they?
Vyomesh I. Joshi -- President & Chief Executive Officer
I think, government is a very important customer. We just learned that on July 19. So, we are still figuring out the overall impact. And what we want to do is, we want to make sure that we support the investigation. And -- but at the same time, the suspension does allow us to continue to perform current federal contracts, and the products, which are not very custom, we can still ship. So, we absolutely believe this is something that we need to address, and we are working on it.
Greg Palm -- Craig-Hallum -- Analyst
But can you comment how big of a customer they've been, maybe in the past, just as a reference point?
Vyomesh I. Joshi -- President & Chief Executive Officer
Right now, we just don't know how much the impact we will have, because it's not going to be all of it. And so, I think we are going to evaluate and we will just -- we will really need to evaluate overall the impact. The one thing I can say, they are not significant customer in terms of the revenue.
Greg Palm -- Craig-Hallum -- Analyst
Okay, great. Thank you.
John N. McMullen -- Executive Vice President, Chief Financial Officer
Thank you.
Operator
Our next question comes from the line of Brian Drab from William Blair. Please proceed with your question.
Brian Drab -- William Blair -- Analyst
Hi, thanks for taking my questions. First, I just wanted to clarify, you mentioned, again, in the first part of Q&A, sequential revenue trajectory is expected for the second half. And looking at the model over the last four years, it's averaged down about 6% from second quarter to third quarter in terms of revenue. Is that what you are thinking about?
Vyomesh I. Joshi -- President & Chief Executive Officer
Yes, you're thinking about it right, Brian. You're thinking about it right.
Brian Drab -- William Blair -- Analyst
Okay. Are you thinking though that given some of the headwinds you're seeing in Europe and that, can you comment on anything that you've seen in July that gives you confidence that it would only be down kind of that typical seasonal amount?
Vyomesh I. Joshi -- President & Chief Executive Officer
We just don't have enough information. But, we feel that single-digit down, what we mentioned is reasonable for modeling purpose.
Brian Drab -- William Blair -- Analyst
Okay. And then, I listened to the last question about the gross margin and the mix, and I still feel like I'm not hearing anything very tangible in terms of the mix. [Technical Issues] why does the gross margin go to 45% for the balance of the year?
Vyomesh I. Joshi -- President & Chief Executive Officer
Yeah, so I think the two things that we need to be looking at, one, we want to continue to drive our inventory down so the factory utilization point of view, we need to make sure that we appropriately model that. And the second thing is, the mix of materials and software with our hardware is going to be the second one. I think that it's important for us to really take the inventory very seriously. Because we feel that our cash preservation is going to be very important for us. I think that's why we are putting that balancing approach.
John N. McMullen -- Executive Vice President, Chief Financial Officer
Yes. That's consistent -- we had, we definitely saw a bit of a bump in Q2 there, and that was great. But mid-40s is not inconsistent with certainly what we've done prior to Q2, and what we've been saying for the balance of the year. So we think that's directionally a good way to think about it.
Brian Drab -- William Blair -- Analyst
Got it. Thank you.
Operator
Our next question comes from the line of David Ryzhik from Susquehanna Financial Group. Please proceed with your question.
Vyomesh I. Joshi -- President & Chief Executive Officer
Hey, David.
David Ryzhik -- Susquehanna Financial Group -- Analyst
Thanks so much for taking the question. Hi, guys. Just wanted to get an update on the powder management system, the technical issue there. You noted that you made a decision not to ship the factory solutions during the quarter, so that suggests that you had orders, but you consciously decided not to ship. Is that because you're just not comfortable yet shipping the products? Then I have a follow-up.
Vyomesh I. Joshi -- President & Chief Executive Officer
Yes. So what we basically committed to really make sure that every product we ship is going to meet our quality and reliability requirements. That's very important for the Company. We understand the root cause of the technical issue, we have started putting together the solution and the design, and we believe that we will have limited shipments in later of 2019 and we will scale this particular solution in 2020.
David Ryzhik -- Susquehanna Financial Group -- Analyst
Okay, got it. And as far as European automotive softness, that's certainly a key market, I believe, for your DMP product line. What impact is that having specifically on the entirety of your metals portfolio?
Vyomesh I. Joshi -- President & Chief Executive Officer
I think the automotive market is very important for two places. The first place will be our prototyping business. Because we still have a big prototyping business where automotive is really using for getting the rapid prototyping. The second place that we have also is the on-demand parts business in Europe, which is also impacted from the automotive. So both printer hardware and the on-demand printing business are impacted.
David Ryzhik -- Susquehanna Financial Group -- Analyst
Great. And then, if I can just squeeze one last one in, the materials strategy. Can you remind me, does that include anything around metals powder? Or is that entirely around your Figure 4...
Vyomesh I. Joshi -- President & Chief Executive Officer
Mainly -- I would say, it's mainly -- 95% would be plastics materials, because our approach has been that we want to really invest in materials R&D, where we can create proprietary materials with, which we'll have a very unique value proposition. And that's why we are very excited about the production material that we'll be introducing later this year. For metals, it's a commodity, and we don't really invest into that.
David Ryzhik -- Susquehanna Financial Group -- Analyst
Okay, thanks so much.
John N. McMullen -- Executive Vice President, Chief Financial Officer
Thank you.
Operator
[Operator Instructions] Our next question comes from the line of Ananda Baruah of Loop Capital Markets. Please proceed with your question.
Ananda Baruah -- Loop Capital Markets -- Analyst
Hey, guys. Appreciate the follow-up. Hey, just wanted a quick clarification on the opex remark. You guys are talking clearly about flattish opex dollars this point forward. But VJ, you also mentioned that you are looking to take out an additional $10 million to $15 million through the year. So could you just sort of put those two comments for us? Thanks.
John N. McMullen -- Executive Vice President, Chief Financial Officer
Yeah, first of all, the $10 million to $15 million comment, which we made last quarter too, was based on the whole year across both cost of sales and operating expense versus our own original plans [Indecipherable]. We're on track with that. The actions that will continue, that have already started that will continue in the second half will allow us to be flattish per our comment. So it's not on top of that. Certainly, if we see other opportunities, we're going to take them. But I think right now, that's the best direction we can give you.
Vyomesh I. Joshi -- President & Chief Executive Officer
So, if you look at what we spent in opex in 2018, we are going to reduce that substantially in 2019. And the other very important thing that we are doing is in our cost of sales reduction, the work that Phil and the supply chain team is doing. So that's the combination in terms of what we believe that we need to really need to continue to drive our cost reduction. The other important thing that I want everybody to hear is, we are also focused on cash. Because we absolutely believe that in these market uncertainties, we want to make sure that we are focused on cash generation.
Ananda Baruah -- Loop Capital Markets -- Analyst
Thanks so much. Appreciate it.
John N. McMullen -- Executive Vice President, Chief Financial Officer
Thank you.
Operator
Our next question comes from the line of Jim Ricchiuti from Needham & Company. Please proceed with your question.
Jim Ricchiuti -- Needham & Company -- Analyst
In some of your comment -- thank you -- your commentary about Figure 4, I wonder if you can go into a little bit more detail. Can you just talk about where you're getting the traction, which versions, production, the modular?
Vyomesh I. Joshi -- President & Chief Executive Officer
Sure. So first of all, we are getting incredible traction with our dental printer, because we have a very unique value proposition. And we are seeing that we gained significant market share with our NextDent 5100 dental printer. And I do believe that we will continue to really gain share and grow that category. The other good thing about that, it will also generate the materials, the revenue growth in our dental materials. So that's the place we are doing really well. With respect to modular, we just introduced modular, so we are still in the scaling of that particular category. The stand-alone Figure 4 is really waiting for these production materials that I talked about. Because in my view, the platform is very sound, it is very reliable, it prints very fast. But just like the dental application, unless you have the materials, the software, and the hardware, you are not going to get the traction. So I absolutely believe with these new production materials, we are going to get traction in both stand-alone and modular starting in fall but really in 2020 it will become as successful as our dental printer.
Jim Ricchiuti -- Needham & Company -- Analyst
VJ, within your medical business that grew 11% excluding the large enterprise customer, it sounds like the biggest driver has been dental?
Vyomesh I. Joshi -- President & Chief Executive Officer
No, there are three drivers. One is the simulators. Our simulators are doing really well. The value proposition there, especially in countries where you need to use simulator for training purposes for nurses and doctors. Like France, China, they are becoming mandatory. So it's really helping our simulator business. The second thing is of course dental. And the third thing is the advanced manufacturing. When you think about companies, the medical devices companies, they want to get into printing medical devices because that's a very big opportunity. And our advanced manufacturing team is getting lots and lots of growth, because of medical device companies are seeing really the opportunity to learn about how to do 3D printed medical devices, and we hold their hands in growing and scaling that business. So I think those are the three places, I absolutely believe that the growth we have seen in the first two quarters of 2019 and that growth will continue for the remaining of 2019 and 2020.
Jim Ricchiuti -- Needham & Company -- Analyst
Thank you.
John N. McMullen -- Executive Vice President, Chief Financial Officer
Thank you.
Operator
Thank you. There are no other questions at this time. I would like to turn the call back over to Stacey Witten for closing remarks.
Stacey Witten -- Vice President, Investor Relations
Thank you for joining us today and for your continued support of 3D Systems. A replay of this webcast will be made available after the call, on the Investor Relations section of our website. Thank you.
Operator
[Operator Closing Remarks]
Duration: 43 minutes
Call participants:
Stacey Witten -- Vice President, Investor Relations
Vyomesh I. Joshi -- President & Chief Executive Officer
John N. McMullen -- Executive Vice President, Chief Financial Officer
Ananda Baruah -- Loop Capital Markets -- Analyst
Jim Ricchiuti -- Needham & Company -- Analyst
Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst
Troy Jensen -- Piper Jaffray -- Analyst
Greg Palm -- Craig-Hallum -- Analyst
Brian Drab -- William Blair -- Analyst
David Ryzhik -- Susquehanna Financial Group -- Analyst
More DDD analysis
Transcript powered by AlphaStreet
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corp (NYSE: DDD) Q2 2019 Earnings Call Aug. 07, 2019, 4:30 p.m. Operator [Operator Closing Remarks] Duration: 43 minutes Call participants: Stacey Witten -- Vice President, Investor Relations Vyomesh I. Joshi -- President & Chief Executive Officer John N. McMullen -- Executive Vice President, Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Greg Palm -- Craig-Hallum -- Analyst Brian Drab -- William Blair -- Analyst David Ryzhik -- Susquehanna Financial Group -- Analyst More DDD analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Printer revenue decreased 27.4% to $30 million driven by year-over-year timing of a large enterprise customer's orders, our decision not to ship DMP factory solutions during the quarter, and the softer macroeconomic industrial environment.
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Operator [Operator Closing Remarks] Duration: 43 minutes Call participants: Stacey Witten -- Vice President, Investor Relations Vyomesh I. Joshi -- President & Chief Executive Officer John N. McMullen -- Executive Vice President, Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Greg Palm -- Craig-Hallum -- Analyst Brian Drab -- William Blair -- Analyst David Ryzhik -- Susquehanna Financial Group -- Analyst More DDD analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corp (NYSE: DDD) Q2 2019 Earnings Call Aug. 07, 2019, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon and welcome to 3D Systems Conference Call and Audio Webcast to discuss the Results of the Second Quarter of 2019.
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Operator [Operator Closing Remarks] Duration: 43 minutes Call participants: Stacey Witten -- Vice President, Investor Relations Vyomesh I. Joshi -- President & Chief Executive Officer John N. McMullen -- Executive Vice President, Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Greg Palm -- Craig-Hallum -- Analyst Brian Drab -- William Blair -- Analyst David Ryzhik -- Susquehanna Financial Group -- Analyst More DDD analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corp (NYSE: DDD) Q2 2019 Earnings Call Aug. 07, 2019, 4:30 p.m. Vyomesh I. Joshi -- President & Chief Executive Officer Yes, I think we are feeling very comfortable that it will flip in second half of 2019 because when we look at our installed base of legacy and the new printers, and where we see the materials coming from those printers, because that's very important to really understand the installed base and really understand where the materials revenue is coming from.
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Operator [Operator Closing Remarks] Duration: 43 minutes Call participants: Stacey Witten -- Vice President, Investor Relations Vyomesh I. Joshi -- President & Chief Executive Officer John N. McMullen -- Executive Vice President, Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Jim Ricchiuti -- Needham & Company -- Analyst Wamsi Mohan -- Bank of America Merrill Lynch -- Analyst Troy Jensen -- Piper Jaffray -- Analyst Greg Palm -- Craig-Hallum -- Analyst Brian Drab -- William Blair -- Analyst David Ryzhik -- Susquehanna Financial Group -- Analyst More DDD analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corp (NYSE: DDD) Q2 2019 Earnings Call Aug. 07, 2019, 4:30 p.m. Vyomesh I. Joshi -- President & Chief Executive Officer So, I think the first thing that we had already mentioned in last quarter call, one of the biggest headwind we have is, our this big enterprise customer.
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716791.0
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2019-08-08 00:00:00 UTC
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Notable Thursday Option Activity: GDOT, ULTA, DDD
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DDD
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-gdot-ulta-ddd-2019-08-08
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Green Dot Corp (Symbol: GDOT), where a total volume of 3,333 contracts has been traded thus far today, a contract volume which is representative of approximately 333,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.3% of GDOT's average daily trading volume over the past month, of 562,105 shares. Especially high volume was seen for the $30 strike call option expiring August 16, 2019, with 588 contracts trading so far today, representing approximately 58,800 underlying shares of GDOT. Below is a chart showing GDOT's trailing twelve month trading history, with the $30 strike highlighted in orange:
Ulta Beauty Inc (Symbol: ULTA) saw options trading volume of 3,986 contracts, representing approximately 398,600 underlying shares or approximately 59.3% of ULTA's average daily trading volume over the past month, of 671,700 shares. Particularly high volume was seen for the $350 strike call option expiring August 16, 2019, with 181 contracts trading so far today, representing approximately 18,100 underlying shares of ULTA. Below is a chart showing ULTA's trailing twelve month trading history, with the $350 strike highlighted in orange:
And 3D Systems Corp. (Symbol: DDD) options are showing a volume of 8,134 contracts thus far today. That number of contracts represents approximately 813,400 underlying shares, working out to a sizeable 58.9% of DDD's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $20 strike call option expiring January 15, 2021, with 853 contracts trading so far today, representing approximately 85,300 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $20 strike highlighted in orange:
For the various different available expirations for GDOT options, ULTA options, or DDD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $20 strike call option expiring January 15, 2021, with 853 contracts trading so far today, representing approximately 85,300 underlying shares of DDD. Below is a chart showing ULTA's trailing twelve month trading history, with the $350 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) options are showing a volume of 8,134 contracts thus far today. That number of contracts represents approximately 813,400 underlying shares, working out to a sizeable 58.9% of DDD's average daily trading volume over the past month, of 1.4 million shares.
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Below is a chart showing ULTA's trailing twelve month trading history, with the $350 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) options are showing a volume of 8,134 contracts thus far today. That number of contracts represents approximately 813,400 underlying shares, working out to a sizeable 58.9% of DDD's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $20 strike call option expiring January 15, 2021, with 853 contracts trading so far today, representing approximately 85,300 underlying shares of DDD.
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Below is a chart showing ULTA's trailing twelve month trading history, with the $350 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) options are showing a volume of 8,134 contracts thus far today. That number of contracts represents approximately 813,400 underlying shares, working out to a sizeable 58.9% of DDD's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $20 strike call option expiring January 15, 2021, with 853 contracts trading so far today, representing approximately 85,300 underlying shares of DDD.
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Below is a chart showing DDD's trailing twelve month trading history, with the $20 strike highlighted in orange: For the various different available expirations for GDOT options, ULTA options, or DDD options, visit StockOptionsChannel.com. Below is a chart showing ULTA's trailing twelve month trading history, with the $350 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) options are showing a volume of 8,134 contracts thus far today. That number of contracts represents approximately 813,400 underlying shares, working out to a sizeable 58.9% of DDD's average daily trading volume over the past month, of 1.4 million shares.
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716792.0
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2019-08-08 00:00:00 UTC
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3D Systems Corp. is Now Oversold (DDD)
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DDD
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https://www.nasdaq.com/articles/3d-systems-corp.-is-now-oversold-ddd-2019-08-08
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of 3D Systems Corp. (Symbol: DDD) entered into oversold territory, hitting an RSI reading of 25.3, after changing hands as low as $6.80 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 44.1. A bullish investor could look at DDD's 25.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDD shares:
Looking at the chart above, DDD's low point in its 52 week range is $6.80 per share, with $21.78 as the 52 week high point — that compares with a last trade of $7.00.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Thursday, shares of 3D Systems Corp. (Symbol: DDD) entered into oversold territory, hitting an RSI reading of 25.3, after changing hands as low as $6.80 per share. A bullish investor could look at DDD's 25.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDD shares: Looking at the chart above, DDD's low point in its 52 week range is $6.80 per share, with $21.78 as the 52 week high point — that compares with a last trade of $7.00.
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In trading on Thursday, shares of 3D Systems Corp. (Symbol: DDD) entered into oversold territory, hitting an RSI reading of 25.3, after changing hands as low as $6.80 per share. A bullish investor could look at DDD's 25.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDD shares: Looking at the chart above, DDD's low point in its 52 week range is $6.80 per share, with $21.78 as the 52 week high point — that compares with a last trade of $7.00.
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In trading on Thursday, shares of 3D Systems Corp. (Symbol: DDD) entered into oversold territory, hitting an RSI reading of 25.3, after changing hands as low as $6.80 per share. A bullish investor could look at DDD's 25.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDD shares: Looking at the chart above, DDD's low point in its 52 week range is $6.80 per share, with $21.78 as the 52 week high point — that compares with a last trade of $7.00.
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In trading on Thursday, shares of 3D Systems Corp. (Symbol: DDD) entered into oversold territory, hitting an RSI reading of 25.3, after changing hands as low as $6.80 per share. A bullish investor could look at DDD's 25.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDD shares: Looking at the chart above, DDD's low point in its 52 week range is $6.80 per share, with $21.78 as the 52 week high point — that compares with a last trade of $7.00.
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716793.0
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2019-08-08 00:00:00 UTC
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Why 3D Systems Stock Just Dropped 12.5%
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-just-dropped-12.5-2019-08-08
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What happened
Shares of 3D Systems (NYSE: DDD) stock are down 12.5% as of noon EDT after the 3-dimensional printer manufacturer reported a sales miss and a big GAAP loss in its fiscal second-quarter 2019 earnings results released last night.
The news wasn't all bad. When adjusted for "one-time items," 3D says it actually broke even for the quarter -- $0.00 losses, $0.00 profits -- whereas Wall Street had thought the company would lose $0.04 per share pro forma.
Still, sales came in light at only $157.3 million, versus the $160.8 million analysts had expected, and that was a pretty clear "miss."
Image source: Getty Images.
So what
Compared to last year's Q2 results, 3D's sales declined 11% year over year. Last year's Q2 GAAP loss was only $0.08 per share; this year it was $0.21 per share. So from that perspective also, the results were not great.
Despite the lousy numbers, 3D CEO Vyomesh Joshi said 3D saw "strength in customer demand for our core and new products and solutions." He attributed the weak numbers to the "ordering patterns of a [single] large enterprise customer" and also a "delay in shipping Factory metals systems" to customers.
Curiously, Joshi also noted that printer unit volume sold was "46.4 percent higher" in this quarter than last, evidencing the demand he earlier referenced -- but suggesting (since sales fell) that perhaps pricing is not holding up very well, or that 3D sold mainly lower-tier, cheaper units. As further evidence of that, printer revenue dropped by 27.4% despite higher unit sales.
Now what
As far as what the future holds, 3D gave no guidance regarding earnings projections for the third quarter or for the year. Analysts, for what it's worth (they were, after all, pretty off the mark in Q2), predict the company will swing from a Q3 profit last year to a loss in this year's Q3 -- again, pro forma -- on a less-steep slide in sales year over year.
If all goes as planned, 3D should lose about a penny per share on total quarterly sales of $164.3 million in Q3.
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*Stock Advisor returns as of June 1, 2019
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD) stock are down 12.5% as of noon EDT after the 3-dimensional printer manufacturer reported a sales miss and a big GAAP loss in its fiscal second-quarter 2019 earnings results released last night. When adjusted for "one-time items," 3D says it actually broke even for the quarter -- $0.00 losses, $0.00 profits -- whereas Wall Street had thought the company would lose $0.04 per share pro forma. Despite the lousy numbers, 3D CEO Vyomesh Joshi said 3D saw "strength in customer demand for our core and new products and solutions."
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What happened Shares of 3D Systems (NYSE: DDD) stock are down 12.5% as of noon EDT after the 3-dimensional printer manufacturer reported a sales miss and a big GAAP loss in its fiscal second-quarter 2019 earnings results released last night. When adjusted for "one-time items," 3D says it actually broke even for the quarter -- $0.00 losses, $0.00 profits -- whereas Wall Street had thought the company would lose $0.04 per share pro forma. So what Compared to last year's Q2 results, 3D's sales declined 11% year over year.
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What happened Shares of 3D Systems (NYSE: DDD) stock are down 12.5% as of noon EDT after the 3-dimensional printer manufacturer reported a sales miss and a big GAAP loss in its fiscal second-quarter 2019 earnings results released last night. So what Compared to last year's Q2 results, 3D's sales declined 11% year over year. Analysts, for what it's worth (they were, after all, pretty off the mark in Q2), predict the company will swing from a Q3 profit last year to a loss in this year's Q3 -- again, pro forma -- on a less-steep slide in sales year over year.
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What happened Shares of 3D Systems (NYSE: DDD) stock are down 12.5% as of noon EDT after the 3-dimensional printer manufacturer reported a sales miss and a big GAAP loss in its fiscal second-quarter 2019 earnings results released last night. So what Compared to last year's Q2 results, 3D's sales declined 11% year over year. Last year's Q2 GAAP loss was only $0.08 per share; this year it was $0.21 per share.
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716794.0
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2019-08-08 00:00:00 UTC
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3D Systems Earnings: Key Metrics Move Lower; Stock Drops 7%
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-key-metrics-move-lower-stock-drops-7-2019-08-08
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3D Systems (NYSE: DDD) released weak second-quarter 2019 results after the market close on Wednesday.
Shares of the 3D printing company were down 6.9% in after-hours trading on Wednesday. We can probably attribute the market's initial reaction to revenue -- which dropped 11% year over year -- coming in lower than most investors were likely expecting.
The revenue decline was driven by the "ordering patterns of a large enterprise customer, the delay in shipping Factory metals systems as we complete technical enhancements and weaker macro-economic conditions in some areas of our market," CEO Vyomesh Joshi said in the earnings release.
Here's how the quarter worked out for 3D Systems and its investors.
3D Systems' key numbers
Data source: 3D Systems. GAAP = generally accepted accounting principles.
GAAP gross margin was 46.6%, down from 48.8% in the year-ago period. Non-GAAP gross profit margin came in at 47.4%, down from 48.9% in the second quarter of last year.
During the quarter, 3D Systems generated $18.7 million of cash from operations and ended the period with $150.4 million of cash on hand.
The company's revenue decline accelerated, as in the first quarter, its revenue fell 8.4% year over year. For context, rival Stratasys' (NASDAQ: SSYS) second-quarter revenue slipped 4.1%.
For additional context (though long-term investors shouldn't place too much weight on Wall Street's near-term estimates), analysts had been looking for an adjusted loss of $0.04 per share on revenue of $160.7 million. So, 3D Systems beat the profit consensus estimate, but fell short on the top line.
Image source: Getty Images.
Segment results
Data source: 3D Systems.
Here's how key categories performed:
3D printers (within product): Revenue dropped 27% year over year to $30 million, while the number of units sold jumped 46%.
Healthcare solutions: Revenue fell 8% to $56.4 million. Excluding the impact of one large enterprise customer's order patterns, revenue increased 11%. (This category spans both segments and overlaps other categories.)
Materials (within product): Revenue fell 9% to $41.2 million.
Software (within product): Revenue edged down less than 1% to $25.1 million.
On-demand part manufacturing (within service): Revenue declined 12% to $24 million.
The decline in 3D printer revenue was driven by the "timing of a large enterprise customer's orders, our decision not to ship [direct metal printer] Factory solutions during the quarter and the softer macroeconomic industrial environment," CFO John McMullen said on theearnings call
For some context, in the first quarter, 3D printer revenue dropped 29% year over year on a 90% increase in the number of units sold, healthcare revenue slipped 5%, materials revenue edged down 3%, software revenue fell 8%, and on-demand manufacturing revenue declined 12%.
What management had to say
In the earnings release, Joshi said the company continues "to see strength in customer demand for our core and new products and solutions," despite encountering the headwinds previously outlined. He added:
I am pleased with the progress we are making on our cost structure, and we will continue to be laser focused on additional reduction opportunities in the second half of the year. We remain confident in our broad portfolio of additive capabilities, workflow solutions and overall market opportunities; and we remain keenly focused on executing on our strategy, reducing costs and driving long-term profitable growth.
Looking ahead
3D Systems turned in another anemic quarter.
The company doesn't provide guidance. However, the management team asserted several times on theearnings callthat it continues to have "confidence" that year-over-year materials revenue growth will resume in the second half of this year, and specifically beginning in the third quarter. Growth in this category has an outsize positive effect on the bottom line because materials sport high profit margins.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) released weak second-quarter 2019 results after the market close on Wednesday. The revenue decline was driven by the "ordering patterns of a large enterprise customer, the delay in shipping Factory metals systems as we complete technical enhancements and weaker macro-economic conditions in some areas of our market," CEO Vyomesh Joshi said in the earnings release. For additional context (though long-term investors shouldn't place too much weight on Wall Street's near-term estimates), analysts had been looking for an adjusted loss of $0.04 per share on revenue of $160.7 million.
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3D Systems (NYSE: DDD) released weak second-quarter 2019 results after the market close on Wednesday. The revenue decline was driven by the "ordering patterns of a large enterprise customer, the delay in shipping Factory metals systems as we complete technical enhancements and weaker macro-economic conditions in some areas of our market," CEO Vyomesh Joshi said in the earnings release. Here's how key categories performed: 3D printers (within product): Revenue dropped 27% year over year to $30 million, while the number of units sold jumped 46%.
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3D Systems (NYSE: DDD) released weak second-quarter 2019 results after the market close on Wednesday. The company's revenue decline accelerated, as in the first quarter, its revenue fell 8.4% year over year. Here's how key categories performed: 3D printers (within product): Revenue dropped 27% year over year to $30 million, while the number of units sold jumped 46%.
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3D Systems (NYSE: DDD) released weak second-quarter 2019 results after the market close on Wednesday. Materials (within product): Revenue fell 9% to $41.2 million. The decline in 3D printer revenue was driven by the "timing of a large enterprise customer's orders, our decision not to ship [direct metal printer] Factory solutions during the quarter and the softer macroeconomic industrial environment," CFO John McMullen said on theearnings call For some context, in the first quarter, 3D printer revenue dropped 29% year over year on a 90% increase in the number of units sold, healthcare revenue slipped 5%, materials revenue edged down 3%, software revenue fell 8%, and on-demand manufacturing revenue declined 12%.
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01c61b0e-e65c-41bc-93af-53c7899e4900
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716795.0
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2019-08-05 00:00:00 UTC
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September 13th Options Now Available For 3D Systems Corp.
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DDD
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https://www.nasdaq.com/articles/september-13th-options-now-available-for-3d-systems-corp.-2019-08-05
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the September 13th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 13th contracts and identified one put and one call contract of particular interest.
The put contract at the $8.00 strike price has a current bid of 57 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $8.00, but will also collect the premium, putting the cost basis of the shares at $7.43 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $8.13/share today.
Because the $8.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 58%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 7.12% return on the cash commitment, or 66.68% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp. , and highlighting in green where the $8.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $8.50 strike price has a current bid of 40 cents. If an investor was to purchase shares of DDD stock at the current price level of $8.13/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $8.50. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 9.47% if the stock gets called away at the September 13th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $8.50 strike highlighted in red:
Considering the fact that the $8.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 53%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.92% boost of extra return to the investor, or 46.05% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 76%, while the implied volatility in the call contract example is 86%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $8.13) to be 67%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $8.50 strike highlighted in red: Considering the fact that the $8.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the September 13th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $8.50 strike highlighted in red: Considering the fact that the $8.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the September 13th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 13th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $8.50 strike highlighted in red: Considering the fact that the $8.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the September 13th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 13th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 13th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $8.50 strike highlighted in red: Considering the fact that the $8.50 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the September 13th expiration.
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fe01dd64-24a3-4d2d-9f49-021bde3c5c18
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716796.0
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2019-08-05 00:00:00 UTC
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3D Systems Earnings: What to Watch
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-what-to-watch-2019-08-05
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3D Systems (NYSE: DDD) is slated to report its second-quarter 2019 results after the market closes on Wednesday, Aug. 7.
Like last quarter, it will be the latter of the two leading pure-play 3D printing companies to report. Rival Stratasys (NASDAQ: SSYS) released its results on Wednesday, July 31.
Shares of 3D Systems are down nearly 17% in 2019 through Friday, Aug. 2. For context, shares of Stratasys have gained about 37% over this period, while the S&P 500 has returned just over 18%.
Image source: Getty Images.
Key numbers
Here are the year-ago quarter's results to use as benchmarks.
Data sources: 3D Systems and Yahoo! Finance.
3D Systems' management has not provided any guidance. For the quarter, Wall Street expects the company to deliver an adjusted loss per share of $0.04 on revenue of $160.7 million. In other words, analysts are projecting that revenue will decline 9% year over year and that adjusted EPS will flip from positive to negative. While long-term investors shouldn't place much weight on the Street's near-term estimates, they can be helpful to keep in mind, as they often help make sense out of market reactions.
All eyes will be watching revenue closely, as year-over-year growth has decelerated over the last three quarters. Moreover, last quarter, revenue declined -- by 8.4% year over year. For context, in the second quarter, Stratasys' revenue edged down 4.1% (or 1% after adjusting for divestitures and the impact of foreign exchange) from the year-ago period, which management largely attributed to "significant economic weakness in Europe."
Sales of 3D printers and materials
Beyond the headline numbers, investors' top focus should be on 3D printer sales. Last quarter, revenue from sales of 3D printers dropped 29% year over year, while the number of units sold soared 90%. Sales of 3D printers are central to 3D Systems' razor-and-blade-like business model, in that they drive recurring sales of high-profit-margin print materials.
On that note, material sales have been weak. Last quarter, revenue from sales of materials slipped 3% year over year. And in 2018, this metric edged up 1%. On recent earnings calls, management has said that it expects the growth rate for materials to increase beginning in the second half of this year.
Cash flows
Investors should continue to monitor 3D Systems' cash flows. While the company has a solid cash position -- it ended last quarter with $157.3 million of cash on hand -- it's been struggling to generate cash from operations, let alone positive free cash flow.
In the first quarter, the company used $15.2 million of cash in operations, and in 2018, it generated only $4.8 million in cash from operations. By comparison, last year, Stratasys generated $63.7 million in cash from operations.
10 stocks we like better than 3D Systems
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 1, 2019
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) is slated to report its second-quarter 2019 results after the market closes on Wednesday, Aug. 7. For the quarter, Wall Street expects the company to deliver an adjusted loss per share of $0.04 on revenue of $160.7 million. For context, in the second quarter, Stratasys' revenue edged down 4.1% (or 1% after adjusting for divestitures and the impact of foreign exchange) from the year-ago period, which management largely attributed to "significant economic weakness in Europe."
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3D Systems (NYSE: DDD) is slated to report its second-quarter 2019 results after the market closes on Wednesday, Aug. 7. In the first quarter, the company used $15.2 million of cash in operations, and in 2018, it generated only $4.8 million in cash from operations. By comparison, last year, Stratasys generated $63.7 million in cash from operations.
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3D Systems (NYSE: DDD) is slated to report its second-quarter 2019 results after the market closes on Wednesday, Aug. 7. Last quarter, revenue from sales of 3D printers dropped 29% year over year, while the number of units sold soared 90%. Last quarter, revenue from sales of materials slipped 3% year over year.
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3D Systems (NYSE: DDD) is slated to report its second-quarter 2019 results after the market closes on Wednesday, Aug. 7. Moreover, last quarter, revenue declined -- by 8.4% year over year. Last quarter, revenue from sales of materials slipped 3% year over year.
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fb69e430-ba6e-41a2-a851-1e0b0028d18e
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716797.0
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2019-07-29 00:00:00 UTC
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5 Low-Priced, High-Potential Tech Stocks to Buy
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https://www.nasdaq.com/articles/5-low-priced-high-potential-tech-stocks-to-buy-2019-07-29
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[Editor’s note: This story was previously published in May 2019. It has since been updated and republished.]
Given their surge over the last few years, tech stocks aren’t cheap, at least when it comes to their actual share prices. Top leaders like Amazon (NASDAQ:) and Google (NASDAQ:, NASDAQ:GOOGL) can be had for north of a grand per share, while even smaller tech stocks like ServiceNow (NASDAQ:) can be had for over $100 per share. And while, as we said before, “price is what you pay, value is what you get,” there is something about buying cheap stocks that can result in higher returns.
So, if it was possible to combine the potential of tech stocks with the financial advantages of low-priced ones, you’d have very powerful weapon indeed.
Luckily, there are a number of those stocks to buy. These cheap tech stocks can be had for under $15 per share, and many of them have plenty of catalysts to propel them forward. They aren’t without risk, but they do have plenty of reward potential. So which of those stocks should you look to buy?
Here are five cheap tech stocks to buy for your portfolio.
Fitbit (FIT)
Share Price: $4.35
It’s no surprise that former wearable device superstar Fitbit (NYSE:) is now a low-priced tech stock. The device marker spent much of 2017 and 2018 in freefall as wearable device growth has failed to catch up with lofty expectations. And as fellow InvestorPlace contributor Josh Enomoto has mentioned, the segment has been a victim of the dreaded “C” word, commoditization.
Source: Shutterstock
So, why be bullish on the floundering device maker?
It comes down to healthcare, health insurance and FIT’s low prices for devices.
John Handcock made waves last year when it announced that it was no longer underwriting traditional life insurance policies and will only be issuing more dynamic policies tied to a wearable device. Corporate America is getting in on the act as well and has started to offer incentives/breaks on health insurance to employees wearing fitness trackers.
For FIT, this could be its opportunity. A low price, a name brand and a huge makes it an ideal partner in these instances. With healthcare costs rising, firms and employees are going to be doing everything they can to get insurance premiums lower. Already, sales at FIT seem to be picking up. With tracking requirements becoming the norm, Fitbit could be a major winner.
And at just over $4 per share, it’s worth that gamble.
Glu Mobile (GLUU)
Share Price: $7.68
One-hundred and twenty-two percent. That’s a great yearly return for any stock, yet one that makes mobile games for your smart-phone. But for Glu Mobile (NASDAQ:), its 2018 return may just be a drop in the bucket. That’s because GLUU’s turnaround is finally paying off.
Source: Shutterstock
A few years ago, mobile gaming was super hot; then the bottom dropped out. GLUU and its rivals were hit hard. In that downturn, the game developer’s management undertook a big turnaround plan.
For starters, they focused more on games they fully owned rather than celebrity licensed properties. This allowed them to reap higher margins from in-app purchases and downloads. With bookings rising for these so-called growth games, Glu was actually able to be cash flow positive . Its Q1 earnings are set for Aug.1.
GLUU was also able to reduce its debt load and build a strong cash balance over the last year.
With that, GLUU stock has surged. The best part is that the firm’s development pipeline still seems robust, with several potential hits coming over the next few quarters. This includes a new World Wrestling Entertainment (NYSE:) game as well as a title under license from Walt Disney’s (NYSE:) Pixar. Moreover, several other games in development are targeted at female gamers, an underrepresented niche. That gives Glu a potentially huge market all to itself.
Nokia (NOK)
Share Price: $5.72
Ask many people what they think about Nokia (NYSE:) and odds are, they will say “washed up.” And that may be true to a point, when it comes to devices. But Nokia still remains one of the most important tech stocks in the entire wireless world. The reason comes down to one letter and one number.
Source: Shutterstock
I’m talking about 5G.
As its handset leadership position was fading, Nokia made two shrewd buyouts: industrial conglomerate Siemens‘ networking business and the Alcatel-Lucent assets. With those two buys, Nokia became an equipment maker that brings all the data, voice and video to the end-users. Who cares about what device it’s on?
This switch has been wonderful for NOK stock. Current 4G networks aren’t cutting it with all the streaming video, mobile commerce and gaming we’re now doing on our phones and tablets. Because of that, telecom firms are now spending some big bucks to upgrade their networks. And a lot of it is coming NOK’s way.
Sales at Nokia continue to rise, clocking in at 5 billion euros last quarter. The bulk of that was networking and 5G hardware.
And yet, NOK shares remain a castaway among cheap tech stocks. At under $5 and with a 3.8% dividend yield, it’s a good stock to buy.
TeleNav (TNAV)
Share Price: $9.19
Sometimes partnering with a larger firm can boost the fortunes smaller tech stocks. For TeleNav (NASDAQ:), that means being buddies with Amazon (NASDAQ:). Amazon has been looking for ways to get its AI voice assistant, Alexa, into more devices and into every American’s home. A big push in that is into automobiles. This is where TNAV comes in.
Source: Shutterstock
TeleNav provides several location-based systems to create a smarter, safer & more personalized user experience for drivers. This includes routing, guidance, positioning and search.
The kicker is that TNAV’s systems are much more than just your normal GPS. They use AI and voice assistants, allow advertisers and in-car commerce — such as go-ahead ordering — and the like. Amazon joined with TNAV in a deal that would make .
What TNAV is really doing is building a portfolio of data that Amazon or other firms could potentially massage and exploit later on. What it gets is a huge platform to build on for future real-time advertising, sales and infotainment options. It’s a win-win for TNAV, AMZN and other future partners.
The opportunity is huge. And yet, TNAV trades at just around $7 per share. That’s a huge bargain for its potential — even more so when considering that firm continues to grow its and finally has achieved positive cash flows at the end of last quarter.
In the end, this is one tech stock that won’t stay low-priced for much longer. As a result, it’s a good stock to buy.
3D Systems (DDD)
Share Price: $9.07
One of the biggest trends in industrial manufacturing, healthcare and even tech itself is 3D printing. The ability to create three-dimensional objects out of metals, plastics or even biopolymers is truly exciting. And over the years, 3D printing has gone from a niche hobby to mainstream production. Leading the way has been top tech stock 3D Systems (NYSE:).
Source:
However, lately, DDD has been a shell of its former self. The former high flyer and triple-digit-priced tech stock can now be had for around $8.75. At that price, 3D may be a big-time buy.
For one thing, the firm is growing. DDD’s revenues jumped 6.4% year-over-year to $687.7 million. At the same time, the growth in several key areas allowed 3D to realize a profit. Adjusted earnings per share for all of 2018 came in at 15 cents. That was versus a loss per share of 2 cents recorded in 2017. So, things have gotten a bit better at DDD now that 3D printing has gained significant steam.
And the firm has more levers to pull. DDD continues to push harder into healthcare and the dental sector. Prosthetics, implants and braces have the potential to be massive markets for the firm, one that is being tapped just now.
For investors, DDD stock’s fall from grace has more to do with it simply losing its momentum and fad status. This means value hunters can snag shares of this low-priced tech stock for basement-level prices, making it a good stock to buy.
At the time of writing, Aaron Levitt was long AMZN.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) Share Price: $9.07 One of the biggest trends in industrial manufacturing, healthcare and even tech itself is 3D printing. Source: However, lately, DDD has been a shell of its former self. DDD’s revenues jumped 6.4% year-over-year to $687.7 million.
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3D Systems (DDD) Share Price: $9.07 One of the biggest trends in industrial manufacturing, healthcare and even tech itself is 3D printing. Source: However, lately, DDD has been a shell of its former self. DDD’s revenues jumped 6.4% year-over-year to $687.7 million.
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3D Systems (DDD) Share Price: $9.07 One of the biggest trends in industrial manufacturing, healthcare and even tech itself is 3D printing. Source: However, lately, DDD has been a shell of its former self. DDD’s revenues jumped 6.4% year-over-year to $687.7 million.
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Source: However, lately, DDD has been a shell of its former self. 3D Systems (DDD) Share Price: $9.07 One of the biggest trends in industrial manufacturing, healthcare and even tech itself is 3D printing. DDD’s revenues jumped 6.4% year-over-year to $687.7 million.
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2019-07-10 00:00:00 UTC
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Square Stock Is the Best Bet for the Next-Era of Tech
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https://www.nasdaq.com/articles/square-stock-is-the-best-bet-for-the-next-era-of-tech-2019-07-10
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As of the end of last year, the Cash App mobile payment app from Square (NYSE:) caught up with the Paypal Holdings (NASDAQ:) rival app Venmo in terms of active users.
Source:
Since then, Instinet analysts Dan Dolev and Conan Leon have seen Square’s Cash App move ahead of PayPal’s platform. As of June, they measure 56.1 million people using Square’s tool on a regular basis, 6.4 million than the headcount of Venmo’s user base.
It’s not a reason in and of itself to step into SQ stock, or shed PayPal shares if you own them. Indeed, it’s only an anecdotal data nugget one would expect regarding a relatively young newcomer aiming to take a bite out of an established company’s market share.
On the other hand, perhaps it’s a glimpse of a paradigm shift that will eventually, decidedly favor Square stock over shares of its chief competitor.
Square Stock Is for Real
Philosophically-driven investing can be a dangerous game to play.
The advent of affordable 3D printers in 2012, in step with the a renewed affinity for cottage businesses, drew investors into names like 3D Systems (NYSE:) and Stratasys (NASDAQ:), only to burn them. As it turns out, setting up a profitable manufacturing business in your garage isn’t as easy as it presumed.
Wearables was another mania that failed to live up to the hype. Fitbit (NYSE:) could do wrong until shortly after its June-2015 IPO. Since August of that year Fitbit could do nothing right. It’s down more than 90% from its peak, and once again knocking on the door of new record lows.
The slow shift to a cashless society and the continued preference for living digitally-mobile lives, however, isn’t hype. It’s an inevitable future.
There’s room for more than one player in that future, but it’s a future that favors SQ stock for one overarching reason: PayPal is a first-generation web company, and we’re now into the web’s second act.
Leading the charge now is the demographic that’s never known a world without the web, and a group of consumers that’s enormously familiar (and in love) with the mobile devices.
It matters.
PayPal, Venmo and Square Stock
PayPal has been around, incredibly enough, since 1998, which is roughly around the time ecommerce sites like Amazon.com (NASDAQ:) and eBay (NASDAQ:) cultivated a need for online payment solutions. That’s largely why most consumers over the age of 40 are familiar with the middleman’s name; they’ve likely used it.
Unfortunately, PayPal has at least been found somewhat guilty by association. Younger consumers, who are starting to enter their high-earnings years, specifically don’t want what their parents had.
Case in point: Younger Facebook (NASDAQ:) users made their way in droves to alternatives when they started finding their parents had invaded their digital social circle.
Many of them have spent the better part of their adult lives hearing about and even using social networking, expressing every thought presumed worth sharing.
Square’s Cash App facilitates more of that all-important text-based communication when sending or receiving money. The app continues to satisfy the new norm for constant contact.
To its credit, PayPal’s Venmo has kept PayPal relevant by adding a similar messaging option to its peer-to-peer money-transfer platform.
Clearly owners and heavy users of mobile devices though, who are more likely than not to be younger than not, are .
The new-era differentiation doesn’t quite end there, however.
PayPal has since followed suit, but it was noteworthy that Square was the first to do what was once unthinkable. That is, establish a means of offering small business loans.
It’s a step toward fully serving underbanked and even unbanked consumers, which is a decision less and less prompted by modest incomes.
A World Economic Forum poll conducted last year found that . They’re more trusting of technology, which in this case is a nod to fintech.
PayPal may be struggling to shake off the image that it’s somehow closely linked to established banks, even if that assumption isn’t quite on-target. At its inception, a bank account was still necessary to deposit and withdraw funds.
The clincher? Blockchain. Last month, Square .
Millennials are far more willing to utilize a non-fiat currency, and they soon will be displacing their parents as the target market of choice.
Bottom Line for Square Stock
It can’t be overstated that this shift is so big and moving so slowly, it might be impossible to gauge. It took years for . Though electric cars are the inevitable future, their availability for years hasn’t even made a dent in the combustion-driven vehicle’s dominance.
The differences between PayPal, and even Venmo, and Square’s Cash App are very nuanced, and the two companies are sure to slug it out for the full 15 rounds.
This is a match the young lion is going to win over the old lion though, even if for purely generational and cultural reasons.
Square stock is shaping up as the better play here, even if it’s going to take years to realize it.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website , or follow him on Twitter, at @jbrumley.
The post appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Source: Since then, Instinet analysts Dan Dolev and Conan Leon have seen Square’s Cash App move ahead of PayPal’s platform. The advent of affordable 3D printers in 2012, in step with the a renewed affinity for cottage businesses, drew investors into names like 3D Systems (NYSE:) and Stratasys (NASDAQ:), only to burn them. Case in point: Younger Facebook (NASDAQ:) users made their way in droves to alternatives when they started finding their parents had invaded their digital social circle.
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As of the end of last year, the Cash App mobile payment app from Square (NYSE:) caught up with the Paypal Holdings (NASDAQ:) rival app Venmo in terms of active users. There’s room for more than one player in that future, but it’s a future that favors SQ stock for one overarching reason: PayPal is a first-generation web company, and we’re now into the web’s second act. PayPal, Venmo and Square Stock PayPal has been around, incredibly enough, since 1998, which is roughly around the time ecommerce sites like Amazon.com (NASDAQ:) and eBay (NASDAQ:) cultivated a need for online payment solutions.
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As of the end of last year, the Cash App mobile payment app from Square (NYSE:) caught up with the Paypal Holdings (NASDAQ:) rival app Venmo in terms of active users. There’s room for more than one player in that future, but it’s a future that favors SQ stock for one overarching reason: PayPal is a first-generation web company, and we’re now into the web’s second act. PayPal, Venmo and Square Stock PayPal has been around, incredibly enough, since 1998, which is roughly around the time ecommerce sites like Amazon.com (NASDAQ:) and eBay (NASDAQ:) cultivated a need for online payment solutions.
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As of the end of last year, the Cash App mobile payment app from Square (NYSE:) caught up with the Paypal Holdings (NASDAQ:) rival app Venmo in terms of active users. The slow shift to a cashless society and the continued preference for living digitally-mobile lives, however, isn’t hype. It took years for .
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3a176ce4-eece-436d-9553-85de8ee235a4
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716799.0
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2019-07-02 00:00:00 UTC
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Why Stratasys Stock Soared 63% in the First Half of 2019
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DDD
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https://www.nasdaq.com/articles/why-stratasys-stock-soared-63-in-the-first-half-of-2019-2019-07-03
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nan
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nan
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What happened
Shares of 3D printing company Stratasys (NASDAQ: SSYS) rocketed 63.1% higher in the first half of 2019 (January through June), according to data from S&P Global Market Intelligence.
For context, shares of rival 3D Systems (NYSE: DDD) fell 10.5% and the S&P 500 returned 18.5% over this period.
The story is similar over the one-year period through July 2, with Stratasys stock's 39.6% gain handily beating the broader market's 11.3% return, while shares of Triple D are nearly 37% in the red.
Image source: Getty Images.
So what
We can attribute Stratasys stock's outperformance of the market largely to the company continuing to beat Wall Street's consensus earnings estimates. In three of the last four quarters, it has crushed bottom-line expectations, and in the other quarter it slightly beat the consensus.
We'll get into specifics in a moment, but you should know that shares also got a 14.4% boost on the last trading day of June -- Friday the 28th. However, as my colleague Rich Smith wrote, there didn't appear to be any identifiable catalyst for the move. If there is some material news, we should know about it relatively soon. And if not, as Rich noted, shares will give back their gain. In fact, in the first two trading days of July, Stratasys stock has already given back 50% of its spoils from Friday.
Moving to the company's most recent earnings release: In the first quarter of 2019, Stratasys' revenue edged up 1% year over year to $155.3 million, reported net loss narrowed considerably, and earnings per share (EPS) adjusted for one-time items doubled to $0.10. Wall Street was looking for adjusted EPS of $0.06 on revenue of $152.8 million, so Stratasys easily beat both expectations.
Underlying revenue growth was better than suggested by the reported number. In constant currency and after adjusting for sales from the company's entities that it divested during 2018, revenue was up 5% year over year. That's still far from strong growth, but it is respectable for a company that's in turnaround mode.
Data by YCharts.
Meanwhile, 3D Systems has missed Wall Street's earnings estimates in two of the last four quarters, with last quarter being a huge disappointment. In Q1, its adjusted loss per share widened by three times to $0.09, whereas the Street was projecting a loss of $0.01 per share. Revenue declined more than 8% year over year to $152 million, falling short of the $164.7 million that analysts were expecting.
Now what
Stratasys has made solid progress righting its ship, but "a sustainable turnaround will depend upon the company being able to profitably grow revenue," as I've previously written. Cautious optimism is warranted, giddiness is not -- particularly since the company doesn't yet have a permanent CEO.
Stratasys hasn't yet announced a date for the release of its Q2 results, but it should be sometime very late this month or early next month. Investors should focus on growth in 3D printer and consumables revenue. In the first quarter, both these key metrics grew just 1% year over year.
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For context, shares of rival 3D Systems (NYSE: DDD) fell 10.5% and the S&P 500 returned 18.5% over this period. What happened Shares of 3D printing company Stratasys (NASDAQ: SSYS) rocketed 63.1% higher in the first half of 2019 (January through June), according to data from S&P Global Market Intelligence. The story is similar over the one-year period through July 2, with Stratasys stock's 39.6% gain handily beating the broader market's 11.3% return, while shares of Triple D are nearly 37% in the red.
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For context, shares of rival 3D Systems (NYSE: DDD) fell 10.5% and the S&P 500 returned 18.5% over this period. The story is similar over the one-year period through July 2, with Stratasys stock's 39.6% gain handily beating the broader market's 11.3% return, while shares of Triple D are nearly 37% in the red. So what We can attribute Stratasys stock's outperformance of the market largely to the company continuing to beat Wall Street's consensus earnings estimates.
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For context, shares of rival 3D Systems (NYSE: DDD) fell 10.5% and the S&P 500 returned 18.5% over this period. The story is similar over the one-year period through July 2, with Stratasys stock's 39.6% gain handily beating the broader market's 11.3% return, while shares of Triple D are nearly 37% in the red. So what We can attribute Stratasys stock's outperformance of the market largely to the company continuing to beat Wall Street's consensus earnings estimates.
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For context, shares of rival 3D Systems (NYSE: DDD) fell 10.5% and the S&P 500 returned 18.5% over this period. The story is similar over the one-year period through July 2, with Stratasys stock's 39.6% gain handily beating the broader market's 11.3% return, while shares of Triple D are nearly 37% in the red. Moving to the company's most recent earnings release: In the first quarter of 2019, Stratasys' revenue edged up 1% year over year to $155.3 million, reported net loss narrowed considerably, and earnings per share (EPS) adjusted for one-time items doubled to $0.10.
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72c1024b-a676-4adb-9d8e-a6cd92a88fc4
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